Thursday, October 17, 2019

Journalize assignment of overhead to assembly

Sanchez Manufacturing purchases $45,000 of raw materials on account, and
it incurs $50,000 of factory labor costs. Supporting records show that
(a) the Assembly Department used $24,000 of raw materials and $30,000 of
the factory labor, and (b) the Finishing Department used the remainder.
Manufacturing overhead is assigned to departments on the basis of 200%
of labor costs. Journalize the assignment of overhead to the Assembly
and Finishing Departments. (For multiple debit/credit entries, list
amounts from largest to smallest eg 10, 5, 3, 2.)

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