Journalize the following transactions for Becah's Bakery:Becah's Bakerya. Incurred and paid Website expenses, $2,760.b. Incurred manufacturing wages of $10,100, of which 70% was for direct labor and 30% of which was for indirect labor.c. Purchased raw materials on account, $19,180.d. Used in production: direct materials, $8,020; indirect materials $3,720.e. Recorded manufacturing overhead: depreciation on plant, $14,150; plant insurance (previously paid), $1,340; plant property tax, $3,670 (credit Property Tax Payable).f. Allocated manufacturing overhead to jobs, 230% of direct labor costs.g. Completed production on jobs with costs of $36,770.h. Sold inventory on account, $26,680; cost of goods sold, $12,230.i. Adjusted for overallocated or underallocated overhead. ManufacturingOverhead Datea.b.C.d.e.f.g.h.h.i.DescriptionDebitCredit

Manufacturing overhead is indirect cost. It does not directly charged to cost of production.these…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Journalize the following transactions for Becah's Bakery:

Becah's Bakery

a. Incurred and paid Website expenses, $2,760.
b. Incurred manufacturing wages of $10,100, of which 70% was for direct labor and 30% of which was for indirect labor.
c. Purchased raw materials on account, $19,180.
d. Used in production: direct materials, $8,020; indirect materials $3,720.
e. Recorded manufacturing overhead: depreciation on plant, $14,150; plant insurance (previously paid), $1,340; plant property tax, $3,670 (credit Property Tax Payable).
f. Allocated manufacturing overhead to jobs, 230% of direct labor costs.
g. Completed production on jobs with costs of $36,770.
h. Sold inventory on account, $26,680; cost of goods sold, $12,230.
i. Adjusted for overallocated or underallocated overhead.

Date
a.
b.
C.
d.
e.
f.
g.
h.
h.
i.
Description
Debit
Credit

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