723202Fnew og Started V Bids 20 Assignment Saved QS 20-25 Recording costs of factory overhead LO P1, P3 Prepare journal entries to record the following production activities for Hotwax. 1. Requisitioned $14,500 of indirect materials for use in production of surfboard wax. 2. Incurred $204,000 overhead costs (credit Other accounts). 3. Applied overhead at the rate of 155% of direct labor costs. Direct labor costs were $125,000 in the Mixing department and $55,000 in the Shaping department.. View transaction list Journal entry worksheet 1 2 3 Requisitioned $14,500 of indirect materials for use in production of surfboard wax. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal