Orlole Company purchases $55.000 af raw materials on account, and it incurs 566.000 of factory labor...
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Orlole Company purchases $55.000 af raw materials on account, and it incurs 566.000 of factory labor costs. Supporting records show that (al the Assembly Department used 526,400 of direct materials and $38,500 of direct labor, and (b) the Finishing Deoartment used the remainder, Manufacturing overhead is assigned to departments on the basis of 160% of labor costs Journalize the ansignment of overhead to the Assembly and Finishing Departments. (List all debit entries before credit entries. Credit account titles are automatically indented when omount is entered, Do not indent manually) Date Account Titles Debit Credit Mar.31 Orlole Company purchases $55.000 af raw materials on account, and it incurs 566.000 of factory labor costs. Supporting records show that (al the Assembly Department used 526,400 of direct materials and $38,500 of direct labor, and (b) the Finishing Deoartment used the remainder, Manufacturing overhead is assigned to departments on the basis of 160% of labor costs Journalize the ansignment of overhead to the Assembly and Finishing Departments. (List all debit entries before credit entries. Credit account titles are automatically indented when omount is entered, Do not indent manually) Date Account Titles Debit Credit Mar.31
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Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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