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Qustian 5f Westa I taf. manufactures and invtalls kitchen cabinetry. It uses normal job casting...

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Accounting

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Qustian 5f Westa I taf. manufactures and invtalls kitchen cabinetry. It uses normal job casting with two direct cost categories (direct materials and direct manuficturing labour) and one indirect cost pool for manufacturing overhead (MOH). applied on the basis of machine-hours ( MH). At the beginning of the year, the company estimated that it would work 1960,000MH and had budgeted \$160,720,000 MOH. The following data (in S millions) pertain to operations for the year 2022: Required: Computation of allocated MOH : Prepare generat joumal entries. All accounts aro in millions. (1) Recond the purchase of materials. (2) Record the direct materials used,. (3) Record the indirect materials used. (4) Record the cost of the direet and indirect labour used in production. (5) Record the depreciation expense. (6) Record the miscellaneous manufacturing overhead costs. (7) Record the entry to allocate the manufacturing overhead. (8) Record the cost of goods manufictured. (9) Record the revenues camed. (10) Record the cost of goods sold. (11) Dispose of the year-end under-or overallocated manufacturing overhead directly as a year-end write-off to Cost of Goods Sold

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