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CH20 - Homework 6 5 QS 20-25 Recording costs of factory overhead LO P1, P3...

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CH20 - Homework 6 5 QS 20-25 Recording costs of factory overhead LO P1, P3 10 points Prepare journal entries to record the following production activities for Hotwax. Skipped 1. Requisitioned $9,100 of indirect materials for use in production of surfboard wax. 2. Incurred $178,000 overhead costs (credit Other accounts). 3. Applied overhead at the rate of 155% of direct labor costs. Direct labor costs were $130,000 eBook View transaction list Journal entry worksheet 1 3 Requisitioned $9,100 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

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