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Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and
Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and wages for factory workers were $111,430. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 A4 General factory use Total Materials $43,900 33,890 39,660 38,970 3,060 159,480 Factory Labour $28,000 34,500 17,500 26,000 5,430 111,430 3. Manufacturing overhead costs incurred on account were $69,600. 4. Depreciation on machinery and equipment was $16,960. 5. The manufacturing overhead rate is 75% of the direct labour cost. Prepare entries for manufacturing costs and assigning costs to production. (Credit account titles are aut Account Titles and Explanation Debit Credit (To record purchases of raw materials on account) (To record factory labour costs) (To record manufacturing overhead costs) (TO son factory labour to production 517916120Coudt o HT e Type here to search
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