Question
Warner Company purchases $55,000 of direct raw materials and it incurs $62,100 of direct factory labor costs. Supporting records show that (a) the Assembly Department
Warner Company purchases $55,000 of direct raw materials and it incurs $62,100 of direct factory labor costs. Supporting records show that (a) the Assembly Department used $31,900of direct raw materials and $38,200of direct factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs.
Record the assignment of overhead to the Assembly and Finishing Departments using the following format. Assume the balance in Manufacturing Overhead was $107,360 prior to assignment. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses )
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