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

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Accounting

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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