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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 applied 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 applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Raw materials Work in process Finished goods Beginning of period End of Period $ 45,000 $ 40,000 9,200 18,500 65,000 34,689 Cost incurred for the period Raw materials purchases $ 174,000 Factory payroll 100,000 Factory overhead (actual) Indirect materials used 15,000 Indirect labor used 23,600 Other overhead costs 104,000 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 Record the entry for other actual overhead costs incurred (all paid in Cash). Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet B Record the entry to apply overhead to work in process. Note: Enter debits before credits. Transaction General Journal Debit Credit 2
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