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The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applled using a
The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applled using a predetermined overhead rate of 55% of direct labor cost. Inventories Raw materials Work in process Finished goods Beginning of period $ 42,000 9,300 59,000 End of Period $ 42,000 19,200 33,800 Cost Incurred for the period Raw materials purchases $. 171,000 Factory payroll 250,000 Factory overhead (actual) Indirect materials used 12,000 Indirect labor used 57,500 Other overhead coats 97,500 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 B Record the entry for other actual overhead costs incurred (all paid in Cash). Note: Enter debits before credits Transaction General Journal Debit Credit 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 to apply overhead to work in process. Note: Enter debits before credits General Journal Debit Credit Transaction 2 Racord entry Clear entry View general Journal
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