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Ann [662]
3 years ago
11

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.
Business
1 answer:
IrinaK [193]3 years ago
7 0

Answer:

Assembly: 56,000 *Debit, Finishing: 40,000 *Debit, and Factory Overhead: 96,000 *Credit

Explanation:

Assembly

DM: 24,000

DL:35,000

FO: 35,000 x 160% =56,000

Finishing 26,000 and 25,000

FO 25,000 x 160% =40,000

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Answer:

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Determining ways to maximize profit for the company may not be the issue at hand, as several factors could inform the decision making process.

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Answer:

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