The following manufacturing costs were incurred: Materials purchased on account were $256,400, and wages...
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Accounting
The following manufacturing costs were incurred: Materials purchased on account were $ and wages for factory workers w $ Materials requisitioned and factory labour used by each job were as follows: Manufacturing overhead costs incurred on account were $ Depreciation on machinery and equipment was $ The manufacturing overhead rate is of the direct labour cost.Prepare entries for manufacturing costs and assigning costs to production. List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Account Titles and Explanation Debit Credit Accounts Payable To record purchases of raw materials on account Payroll Liabilities To record factory labour costs Accounts Payable Accumulated DepreciationMachinery and Equipment To assign raw materials to production
The following manufacturing costs were incurred:
Materials purchased on account were $ and wages for factory workers w $
Materials requisitioned and factory labour used by each job were as follows:
Manufacturing overhead costs incurred on account were $
Depreciation on machinery and equipment was $
The manufacturing overhead rate is of the direct labour cost.Prepare entries for manufacturing costs and assigning costs to production. List all debit entries before credit entries. Credit account titles
are automatically indented when the amount is entered. Do not indent manually.
Account Titles and Explanation
Debit
Credit
Accounts Payable
To record purchases of raw materials on account
Payroll Liabilities
To record factory labour costs
Accounts Payable
Accumulated DepreciationMachinery and Equipment
To assign raw materials to production
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