Recording factory overhead transaction.
Drew Inc. incurred a variety of costs during the month of Dec. These costs wer $20,000 for factory labor, $7430 for supervisors' salaries, $3230 for depreciation on product equipment, $1730 for electricity for the manufacturing facilitiy, $1525 for indirect materials, and $7710 for direct materials.
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Dec.
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31
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Debit
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Credit
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Wages Payable
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Accumulated Depreciation-Equipment
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Utilities Payable
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materials
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