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​​​​​​ Prepare the journal entries for the following: Utilities (Indirect expenses) paid in cash $ 10000...

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Prepare the journal entries for the following:

  1. Utilities (Indirect expenses) paid in cash $ 10000

f.    Salaries totaling $5,000 are accrued; 35% of these costs are direct labor, 40% are indirect labor and 25% are overhead expense. Prepare the journal entry.

g.   Overhead costs are allocated to work in process using an allocation rate of 150% of direct labor costs and 300% of overhead expenses.

Prepare the journal entry. (Give different examples- examples should not be same)

Business   Accounting   
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Answer #1
Debit Credit.
a Manufacturing Overhead $ 10,000.00
Cash $ 10,000.00
f Work in Process Inventory $    1,750.00
Manufacturing Overhead $    2,000.00
Administrative Salary Expense $    1,250.00
Salary Payable $    5,000.00
g Work in Process $ 15,000.00
Manufacturing Overhead $ 15,000.00
If Direct Labor Cost is $10,000 , then overhead will be $15,000
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