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Prepare journal entries to record the following production activities.
- Paid overhead costs (other than indirect materials and indirect labor) of $27,000.
- 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.
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| | | Transaction | General Journal | Debit | Credit | | 1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
- Record the entry for overhead applied to production.
Note: Enter debits before credits.
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| | | Transaction | General Journal | Debit | Credit | | 2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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