The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Raw materials Work in process Finished goods < Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used. Other overhead costs View transaction list Beginning of period $ 28,000 9,800 63,000 Journal entry worksheet 1. Incurred other actual overhead costs (all paid in Cash). 2. Applied overhead to work in process. Prepare journal entries for the above transactions for the period. A B Transaction 1 End of Period $ 47,000 20,600 34,700 Note: Enter debits before credits. $191,000 150,000 11,000 34,500 112,000 Record the entry for other actual overhead costs incurred (all paid in Cash). General Journal Debit Credit >
The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Raw materials Work in process Finished goods < Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used. Other overhead costs View transaction list Beginning of period $ 28,000 9,800 63,000 Journal entry worksheet 1. Incurred other actual overhead costs (all paid in Cash). 2. Applied overhead to work in process. Prepare journal entries for the above transactions for the period. A B Transaction 1 End of Period $ 47,000 20,600 34,700 Note: Enter debits before credits. $191,000 150,000 11,000 34,500 112,000 Record the entry for other actual overhead costs incurred (all paid in Cash). General Journal Debit Credit >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:The following information is available for ADT Company, which produces special-order security products and uses a job
order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost.
Inventories
Raw materials
Work in process
Finished goods
<
Cost incurred for the period
Raw materials purchases
Factory payroll
Factory overhead (actual)
Indirect materials used
Indirect labor used.
Other overhead costs
View transaction list
Beginning of
period
$ 28,000
9,800
63,000
Journal entry worksheet
1. Incurred other actual overhead costs (all paid in Cash).
2. Applied overhead to work in process.
Prepare journal entries for the above transactions for the period.
A
B
Transaction
1
End of
Period
$ 47,000
20,600
34,700
Note: Enter debits before credits.
$191,000
150,000
11,000
34,500
112,000
Record the entry for other actual overhead costs incurred (all paid in Cash).
General Journal
Debit
Credit
>
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