1. Materials purchased on account were $256,500, and wages for factory workers were $110,840. 2. Materials...

Transcribed Image Text:

1. Materials purchased on account were $256,500, and wages for factory workers were $110,840. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 A4 General factory use Total Materials $43,550 33,250 39,770 39,560 3,240 $159,370 Factory Labour $28,100 34,500 17,900 25,200 5,140 $110,840 3. Manufacturing overhead costs incurred on account were $69,100. 4. Depreciation on machinery and equipment was $16,720. 5. The manufacturing overhead rate is 75% of the direct labour cost. Prepare entries for manufacturing costs and assigning costs to production. (List all debit entries before credit entries are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation (To record purchases of raw materials on account) (To record factory labour costs) (To assign raw matoriale to Debit Credit 1. Materials purchased on account were $256,500, and wages for factory workers were $110,840. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 A4 General factory use Total Materials $43,550 33,250 39,770 39,560 3,240 $159,370 Factory Labour $28,100 34,500 17,900 25,200 5,140 $110,840 3. Manufacturing overhead costs incurred on account were $69,100. 4. Depreciation on machinery and equipment was $16,720. 5. The manufacturing overhead rate is 75% of the direct labour cost. Prepare entries for manufacturing costs and assigning costs to production. (List all debit entries before credit entries are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation (To record purchases of raw materials on account) (To record factory labour costs) (To assign raw matoriale to Debit Credit

Answer rating: 100% (QA)

Answer Here are the entries for manufacturing costs and assigning costs to production D... View the full answer