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Oak Outdoor Furniture manufactures wood patio furniture. If the company reports the following costs for June...

Oak Outdoor Furniture manufactures wood patio furniture. If the company reports the following costs for June 2018​,

Wood $ 270,000

Nails, glue, stain 18,000

Depreciation on saws 5,300

Indirect manufacturing labor 45,000

Depreciation on delivery truck 1,700

Assembly­line workers' wages 51,000

what is the balance in the Manufacturing Overhead account before overhead is allocated to​ jobs? Assume that the labor has been​ incurred, but not yet paid. Prepare journal entries for overhead costs incurred in June. What is the balance in the Manufacturing Overhead account before overhead is allocated to​ jobs?

1.First, prepare an entry for the overhead costs for materials used.

2.​Next, prepare an entry for the overhead costs for labor incurred.

3.Finally, prepare an entry for all other overhead costs.

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Answer #1
what is the balance in the Manufacturing Overhead account before overhead is allocated to​ jobs?
Manufacturing Overhead
Nails Glue Stain 18000
Depreciation of Saw 5300
Indirect Labour 45000
Balance 68300
1. First, prepare an entry for the overhead costs for materials used.
Manufacturing Overhead 18000
To Raw material Inventory 18000
2. prepare an entry for the overhead costs for labor incurred.
Manufacturing Overhead 45000
To Wages Payable 45000
3.Finally, prepare an entry for all other overhead costs
Manufacturing OH 5300
To Accumulated Depreciation 5300
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