Ask Question
30 October, 18:42

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

+4
Answers (1)
  1. 30 October, 20:03
    0
    WIP assembly 56,000 debit

    WIP Finishing 40,000 debit

    Factory Overhead 96,000 credit

    Explanation:

    Assembly

    DM 24000

    DL 35000

    FO 35,000 x 160% = 56,000

    Finishing

    26000

    25000

    FO 25,000 x 160% = 40,000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Weber Company purchases $50,000 of raw materials on account, and it incurs $60,000 of factory labor costs. Supporting records show that (a) ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers