1. purchased raw materials on account $ 46,300.
2. Raw materials of $ 36.000 were requisitioned to the factory. An analysis of the materials
3. Factory labor costs incurred were $ 59,900, of which $ 51,000 pertained to factory wages payable and $ 8,900 pertained to employer payroll taxes payable.
4. Time tickets indicated that $ 54,000 was direct labor and $ 5,900 was indirect labor.
5. Manufacturing overhead costs incurred on account were $ 80,500. 6. Depreciation on the company ' s office building was $ 8,100.
7. Manufacturing overhead was applied at the rate of 150 % of direct labor cost.
8. Goods costing $ 88,000 were completed and transferred to finished goods.
9. Finished goods costing $ 75,000 to manufacture were sold on account for $ 103,000.
Instructions Journalize the transactions. E2-13
Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client ' s consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year.
Estimated overhead $ 960,000 Actual overhead $ 982,800 Estimated decorator hours 40,000 Actual decorator hours 40,500