Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track...
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Accounting
Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order On March 1, OCFF had two jobs in process with the following costs: Source documents tovealed the following during March The company applies overhesd to products at a rate of 55 percent of diect isbor cost Required: Prepare journal entries to record the materials requisisions, labor costs, and applied overhead. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet Record the issuance of raw materials to production. Note: Enter debits before credits Journal entry worksheet Record Oak Creek Furniture Factory's payroll costs. Assume the direct labor is owed but not paid. Note: Enter debits before credits. Journal entry worksheet Record the application of manufacturing overhead to production. Note: Enter debits before credits
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