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The following information is available for ADT Company, which produces special-order security products and uses ajob order costing system. Overhead is applied using a predetermined
The following information is available for ADT Company, which produces special-order security products and uses ajob order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Beginning End of Inventories of period Period Raw materials $ 45,000 $ 43,000 Work in process 9,800 19,700 Finished goods 64,000 34,600 Cost incurred for the period Raw materials purchases $ 188,000 Factory payroll 250,000 Factory overhead (actual) Indirect materials used 13,000 Indirect labor used 57,500 Other overhead costs 103,500 icurred other actual overhead costs (all paid in Cash). Applied overhead to work in process. pare journal entries for the above transactions for the period. iew transaction list Journal entry worksheet Record the entry for other actual overhead costs incurred (all paid in Cash). Note: Enter debits before credits. Record entry m View general journal Record the entry for other actual overhead costs incurred (all paid in Cash). Note: Enter debits before credits. Transaction General Journal Debit Credit
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