Brief exercise 3-3 warner company purchases $53,000 of raw materials on account, and it incurs $63,800 of factory labor costs. supporting records show that (a) the assembly department used $32,700 of the raw materials and $37,900 of the factory labor, and (b) the finishing department used the remainder. manufacturing overhead is assigned to departments on the basis of 160% of labor costs. journalize the assignment of overhead to the assembly and finishing departments. (credit account titles are automatically indented when amount is entered. do not indent manually.) date account titles debit credit mar.31

Explanation:

The journal entry is shown below:

Work in Process A/c - Assembly department A/c Dr $52,320

Work in Process A/c - Finishing department A/c Dr $41,440

                       To Manufacturing overhead A/c                        $93,760

(Being the overhead are allocated to the Assembly and Finishing Departments)

The allocation of the assembly department equals to

= Raw material × percentage of labor cost

= $32,700 × 160%

= $52,320

The allocation of the finishing department equals to

= (Factory labor cost - factory labor) × percentage of labor cost

= ($63,800 - $37,900) × 160%

= $25,900 × 160%

= $41,440

answer; communities of interest; i believe this is correct, plz check first good luck;

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.