Answer:
Journal entries for each listed transaction is given below.
Purchased office supplies on account: $33,000
Debit Supplies Account $33,000
Credit Payable/Cash $33,000
Issued direct supplies: $22,512
Debit WIP Studio $22,512
Credit Supplies Account $22,512
Issued indirect supplies: $7,535
Debit WIP Studio $7,535
Credit Supplies Account $7,535
Time tickets showing direct labor: $32,503,230
Debit WIP Studio $32,503,230
Credit Payroll Account $32,503,230
Time tickets showing indirect labor: $574,326
Debit Factory overhead control Account $574,326
Credit Payroll Account $574,326
Utilities expense on account: $957,323
Debit Factory overhead control Account $957,323
Credit Utilities expense $957,323
Overhead applied: 10% of direct labor cost
Debit WIP Studio $3,250,323
Credit Applied factory overhead Account $3,250,323
(10% of 32,503,230)
