how that (a) the Assembly Department used $24,300 of direct raw materials and $45,300 of direct factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Record the assignment of overhead to the Assembly and Finishing Departments using the following format. Assume the balance in Manufacturing Overhead was $111,680 prior to assignment. (Enter negative amounts using either a negative sign preceding the number e 45 or parentheses e.g. (45).) Balance Assigning Overhead Raw Materials Inventory $ LA Manufacturing Costs Factory Labor +A Manufacturing Overhead $ $

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Manufacturing Costs
Factory Labor
Manufacturing Overhead
$
$
Assembly
Work in Process
Finishing
Transcribed Image Text:Manufacturing Costs Factory Labor Manufacturing Overhead $ $ Assembly Work in Process Finishing
Cullumber Company purchases $50,600 of direct raw materials and it incurs $64,800 of direct factory labor costs. Supporting records
show that (a) the Assembly Department used $24,300 of direct raw materials and $45,300 of direct factory labor, and (b) the Finishing
Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs.
Record the assignment of overhead to the Assembly and Finishing Departments using the following format. Assume the balance in
Manufacturing Overhead was $111,680 prior to assignment. (Enter negative amounts using either a negative sign preceding the number e.g.
-45 or parentheses e.g. (45).)
Balance
Assigning Overhead
Raw Materials Inventory
Manufacturing Costs
Factory Labor
Manufacturing Overhead
Transcribed Image Text:Cullumber Company purchases $50,600 of direct raw materials and it incurs $64,800 of direct factory labor costs. Supporting records show that (a) the Assembly Department used $24,300 of direct raw materials and $45,300 of direct factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Record the assignment of overhead to the Assembly and Finishing Departments using the following format. Assume the balance in Manufacturing Overhead was $111,680 prior to assignment. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Balance Assigning Overhead Raw Materials Inventory Manufacturing Costs Factory Labor Manufacturing Overhead
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