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Question 10 4 pts Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit: issued materials

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Question 10 4 pts Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit: issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The Journal entry to record the factory payroll is: O Debit Work in Process inventory $110,000 credit Factory Overhead $40.000 credit Factory Wages Payable $150.000 O Debit Work in Process Inventory $150,000; debit Factory Overhead $40,000 credit Factory Wages Payable 5190.000 O Debit Work in Process Inventory 5150,000, credit Factory Overhead $40.000; credit Factory Wages Payable $110.000 Debit Work in Process Inventory $110.000 debit Factory Overhead $40,000: credit Factory Wages Payable $150.000 Debit Work in Process Inventory $150.000: Credit Cash $150.000

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