Question

The Brass Works is in the process of determining manufacturing overhead. Journalise events (a) - (d) to Factory Overhead, Administrative Expenses, Selling Expenses, or alocated between the three as appropriate. The insurance policy and electric bil were paid in cash at the time of acquisition. Next calculate the overhead application rate and apply overhead to Work in Process Brass Works purchases an insurance policy for $4,000. R is computed that 80% of the value of the policy protects production, the balance protects the administrative offices. Brass Works charges insurance initially to expense. If an amount box does not require an entry, leave it blank b. The electricalis received showing an amount of $1.200. This materis tized only by production as the office spaces have their own meter Payroll reports that the manager's salary for the period is $3.500 and that production supervisor wages for the wide 3.500.ran amount box does not entry leave bank d. The door tot 12.525 ans were purchased for the reduction and dearen Pronoun O R P K 2 B N M HP Laptop hp Do more from anywhere.

Answer 1

Journal Entries Armoun Am particular factory overhead (1000 x 80 y.) а 3200 Adminstralion Expenses Cash 800 All uto by 1200 b Alo 12.00 (Being payment of Insurance Cost) factory overhead All Cash (Being electricity charges paid in Cash). factory overhead Selling Expenses Salaries and wages payable Alc. (Being payroll expenses due) с Alc с SSVO Dr. 414 3500 qoud Dy 2575 d 2575 factory overhead Ale Accounts payable mi (Being production maintenance material purchased)

e). Total overhead. = 3200 + 1200 + 5500 + 2575 $ 12475 Overhead Rale / Stroke Total overhead Stroke $12475 $12.475 Stroke.