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Fudgin [204]
3 years ago
6

Weber Company purchases $50,000 of raw materials on account, and it incurs $60,000 of factory labor costs. Supporting records sh

ow that (a) the Assembly Department used $24,000 of raw materials and $35,000 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Business
1 answer:
lys-0071 [83]3 years ago
7 0

Answer:

WIP assembly 56,000 debit

WIP Finishing 40,000 debit

Factory Overhead 96,000 credit

Explanation:

<u>Assembly</u>

DM 24000

DL 35000

FO 35,000 x 160% = 56,000

<u>Finishing</u>

26000

25000

FO 25,000 x 160% = 40,000

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