! Required information Overhead costs are charged to jobs using a predetermined overhead rate. Actual overhead costs incurred are accumulated in the Factory Overhead account that controls the subsidiary factory overhead ledger. Materials Requisitions Indirect Materials Time Tickets Indirect Labor Vouchers Adjusting Entries Factory Overhead 550.00 6,720.00 5,070.00 1100.00 Factory Overhead Knowledge Check 01 During January, Dream House Builders, Incorporated incurred $550 of actual indirect materials costs, as supported by materials requisitions. Complete the following journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet 1 During January, Dream House Builders, Inc. incurred $550 of actual indirect materials costs, as supported by materials requisitions. Note: Enter debits before credits. Date Jan 31 General Journal Debit Credit Record entry Clear entry View general journal