A manufacturer incurred the following actual factory overhead costs: indirect materials, $6,700; Indirect labor (factory wages payable). $9,500; depreciation on factory equipment, $12,500; factory utilities (utilities payable). $850; and factory insurance expired, $550. Prepare journal entries to record (a) indirect materials, (b) indirect labor, and (c) other actual overhead costs. View transaction list Journal entry worksheet < 1 2 Record indirect materials. Transaction a 3 Note: Enter debits before credits. General Journal Debit Credit >
A manufacturer incurred the following actual factory overhead costs: indirect materials, $6,700; Indirect labor (factory wages payable). $9,500; depreciation on factory equipment, $12,500; factory utilities (utilities payable). $850; and factory insurance expired, $550. Prepare journal entries to record (a) indirect materials, (b) indirect labor, and (c) other actual overhead costs. View transaction list Journal entry worksheet < 1 2 Record indirect materials. Transaction a 3 Note: Enter debits before credits. General Journal Debit Credit >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A manufacturer incurred the following actual factory overhead costs: indirect materials, $6,700; Indirect labor (factory wages payable),
$9,500, depreciation on factory equipment, $12,500, factory utilities (utilities payable), $850; and factory insurance expired, $550.
Prepare journal entries to record (a) indirect materials, (b) indirect labor, and (c) other actual overhead costs.
View transaction list
Journal entry worksheet
1
2
Record indirect materials.
Transaction
a
3
Note: Enter debits before credits.
General Journal
Debit
Credit
>
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