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Required information [The following information applies to the questions displayed below] The following information is available for ADT Company, which produces special-order security products
Required information [The following information applies to the questions displayed below] The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost Inventories Beginning of period End of Period Raw materials $ 49,000 $ 58,000 Work in process 9,600 Finished goods 59,000 19,100 33,200 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used. Other overhead costs $ 195,000 150,000 15,000 34,500 94,500 1. Incurred other actual overhead costs (all paid in Cash). 2. Applied overhead to work in process. Prepare journal entries for the above transactions for the period. 1. Incurred other actual overhead costs (all paid in Cash). 2. Applied overhead to work in process. Prepare journal entries for the above transactions for the period. View transaction list Journal entry worksheet < A B Record the entry for other actual overhead costs incurred (all paid in Cash). Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < A B Record the entry to apply overhead to work in process. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal 9 < Prex 4 of 5 Next >
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