Minstrel Manufacturing uses a job order costing system Durin

Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the payment of the factory payroll is:

Journal entry :

Date	accounts & explanation	debit	credit
	Wages payable	150000
	Cash		150000
	(To record payment of factory payroll)

Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit; issued materials to production

Minstrel Manufacturing uses a job order costing system Durin

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