Question
WileyPLUS Problem 3.3 The following manufacturing costs were incurred: Job Number A1 A2 A3 A4 General factory use Total Materials $43,590 33,300 39,920 39,020 3,080
WileyPLUS Problem 3.3
The following manufacturing costs were incurred: Job Number A1 A2 A3 A4 General factory use Total Materials $43,590 33,300 39,920 39,020 3,080 158,910 Factory Labour $28,900 34,100 17,000 25,400 5,220 110,620 3. Manufacturing overhead costs incurred on account were $69,700. 4. Depreciation on machinery and equipment was $16,980. 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 automatically indented when the amount is entered. Do not indent manually.) 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 assign factory labour to production) (To assign raw materials to production) (To assign overhead to production)
Job Number A1 A2 A3 A4 General factory use Total Materials $43,590 33,300 39,920 39,020 3,080 158,910 Factory Labour $28,900 34,100 17,000 25,400 5,220 110,620 3. Manufacturing overhead costs incurred on account were $69,700. 4. Depreciation on machinery and equipment was $16,980. 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 automatically indented when the amount is entered. Do not indent manually.) 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 assign factory labour to production) (To assign raw materials to production) (To assign overhead to production)Step by Step Solution
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