The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Raw materials Work in process Finished goods < Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used. Other overhead costs View transaction list Beginning of period $ 28,000 9,800 63,000 Journal entry worksheet 1. Incurred other actual overhead costs (all paid in Cash). 2. Applied overhead to work in process. Prepare journal entries for the above transactions for the period. A B Transaction 1 End of Period $ 47,000 20,600 34,700 Note: Enter debits before credits. $191,000 150,000 11,000 34,500 112,000 Record the entry for other actual overhead costs incurred (all paid in Cash). General Journal Debit Credit >
The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Raw materials Work in process Finished goods < Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used. Other overhead costs View transaction list Beginning of period $ 28,000 9,800 63,000 Journal entry worksheet 1. Incurred other actual overhead costs (all paid in Cash). 2. Applied overhead to work in process. Prepare journal entries for the above transactions for the period. A B Transaction 1 End of Period $ 47,000 20,600 34,700 Note: Enter debits before credits. $191,000 150,000 11,000 34,500 112,000 Record the entry for other actual overhead costs incurred (all paid in Cash). General Journal Debit Credit >
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 10MC: Assigning indirect costs to specific jobs is completed by which of the following? applying the costs...
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