Question

Prepare journal entries to record the following production activities. Paid overhead costs (other than indirect materials...

Prepare journal entries to record the following production activities.

  1. Paid overhead costs (other than indirect materials and indirect labor) of $27,000.
  2. Applied overhead at 105% of direct labor costs. Direct labor costs were $46,000 in the Roasting department and $31,000 in the Blending Department.
  • Record overhead costs paid.

Note: Enter debits before credits.
Transaction General Journal Debit Credit
1
  • Record the entry for overhead applied to production.

Note: Enter debits before credits.
Transaction General Journal Debit Credit
2
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Homework Answers

Answer #1
  • Record overhead costs paid.

Note: Enter debits before credits.
Transaction General Journal Debit Credit
1 Manufacturing overhead 27000
Other accounts 27000
  • Record the entry for overhead applied to production.

Note: Enter debits before credits.
Transaction General Journal Debit Credit
2 Work in process (46000+31000)*1.05 80850
Manufacturing overhead 80850
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