JOC (Journal Entries) A movie production studio incurred the following costs related to its current movie A. Purchased office supplies (material) on account: $33,000 B. Issued direct supplies (material): $22.512 C. Issued indirect supplies: $7,535 D. Time tickets showing direct labor: $32,503,230 E. Time tickets showing indirect labor: $574.326 F. Utilities expense on account: $957,323 G. Overhead applied: 10% of direct labor cost Create journal entries for the listed transactions. A $ 33,000 Accounts Payable B. Work in Process C D. E. F. $ 33,000

JOC (Journal Entries) A movie production studio incurred the following costs related to its current movie A. Purchased office supplies (material) on account: $33,000 B. Issued direct supplies (material): $22.512 C. Issued indirect supplies: $7,535 D. Time tickets showing direct labor: $32,503,230 E. Time tickets showing indirect labor: $574.326 F. Utilities expense on account: $957,323 G. Overhead applied: 10% of direct labor cost Create journal entries for the listed transactions. A $ 33,000 Accounts Payable B. Work in Process C D. E. F. $ 33,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 14PA: A movie production studio incurred the following costs related to its current movie: Purchased...

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A movie production studio incurred the following costs related to its current movie: Purchased office supplies on account: $36,000 Issued direct supplies: $22,512 Issued indirect supplies: $7,525 Time tickets showing direct labor: $32,503,220 Time tickets showing indirect labor: $574,321 Utilities expense on account: $957,319 Overhead applied: 20% of direct labor cost Create journal entries for the listed transactions. If an amount box does not require an entry, leave it blank.
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