The Dougherty Furniture Company manufactures tables. In March, the production department had budgeted allocation base (i.e....

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The Dougherty Furniture Company manufactures tables. In March, the production department had budgeted allocation base (i.e. cost driver) of 4,000 machine-hours. The budgeted manufacturing overheads for the month were $57,500. The company uses a budgeted overhead rate for applying overhead to production. For Job 100A, the actual costs incurred in the production department were as follows: Production Department Raw materials $110,000 purchased Direct materials $ 32,500 used Direct labor $52,500 incurred Indirect materials $ 7,500 used Indirect labor $ 11,000 43 Depreciation on plant equipment incurred Plant utilities incurred $ 16,250 $ 1,000 Job 100A actually incurred 800 machine-hours in the production department. Required: Prepare the necessary journal entries to summarize the following transactions for the production department. (75 points) 1) purchases of raw materials on credit 2) usage of direct materials and indirect materials L 3) manufacturing payroll for direct labor and indirect labor paid in cash 4) depreciation on plant equipment 5) plant utilities paid in cash 6) allocation of manufacturing overhead to Job 100A The Dougherty Furniture Company manufactures tables. In March, the production department had budgeted allocation base (i.e. cost driver) of 4,000 machine-hours. The budgeted manufacturing overheads for the month were $57,500. The company uses a budgeted overhead rate for applying overhead to production. For Job 100A, the actual costs incurred in the production department were as follows: Production Department Raw materials $110,000 purchased Direct materials $ 32,500 used Direct labor $52,500 incurred Indirect materials $ 7,500 used Indirect labor $ 11,000 43 Depreciation on plant equipment incurred Plant utilities incurred $ 16,250 $ 1,000 Job 100A actually incurred 800 machine-hours in the production department. Required: Prepare the necessary journal entries to summarize the following transactions for the production department. (75 points) 1) purchases of raw materials on credit 2) usage of direct materials and indirect materials L 3) manufacturing payroll for direct labor and indirect labor paid in cash 4) depreciation on plant equipment 5) plant utilities paid in cash 6) allocation of manufacturing overhead to Job 100A

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