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The following manufacturing costs were incurred: 1 Materials purchased on account were $256,400, and wages for factory workers were $110,060. 2. Materials requisitioned and factory
The following manufacturing costs were incurred: 1 Materials purchased on account were $256,400, and wages for factory workers were $110,060. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number Total A1 5. A2 A3 General factory use A4 Materials $43,820 33,790 39,750 39,230 3,030 $159,620 Factory Labour $28,100 34,100 17,600 25,000 5,260 $110,060 3. Manufacturing overhead costs incurred on account were $69,300. 4 Depreciation on machinery and equipment was $16,940. The manufacturing overhead rate is 75% of the direct labour cost 2 Prepare entries for manufacturing costs and assigning costs to production. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually)
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