PE 19-3B Factory overhead costs

During August, Rothchild Company incurred factory overhead costs as follows: indirect materials, $17,500; indirect labor, $22,000; utilities cost, $9,600; and factory depreciation, $17,500. Journalize the entry to record the factory overhead incurred during August.

Answer:


Factory Overhead 66,600  
Materials  17,500 
Wages Payable  22,000 
Utilities Payable  9,600 
Accumulated Depreciation—Factory  17,500