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Accounting

#10

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Prepare journal entries to record the following production activities for Hotwax. a. Requisitioned $10,900 of indirect materials for use in production of surfboard wax. b. Incurred $212,000 in actual other overhead costs (paid in cash). c. Applied overhead at the rate of 145% of direct labor costs. Direct labor costs were $80,000 in the Mixing department and $60,000 in the Shaping department. 2. 3 Requisitioned $10,900 of indirect materials for use in production of surfboard wax. ote: Enter debits before credits Transaction General Journal Debit Credit a Incurred $212,000 in actual other overhead costs (paid in cash). Note: Enter debits before credits. Transaction General Journal Debit Credit b

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