Transcribed Image Text: 1. Record the proper journal entry for each transaction. a. $215,000 of materials was purchased on account. b. $190,000 of materials was used in production; of this

Transcribed Image Text: 1. Record the proper journal entry for each transaction.
a. $215,000 of materials was purchased on account.
b. $190,000 of materials was used in production; of this amount, $164,000 was used
on specific jobs.
Manufacturing labor and salaries for the month totaled $210,000. A total of
$180,000 of manufacturing labor and salaries was traced to specific jobs, and the
remainder was indirect labor used in the factory.
000,0ASC.
d. The company recorded $15,000 of depreciation on the plant and plant equip-
ment. The company also received a plant utility bill for $8,000 which will be paid
at a later date.
e. $70,000 of manufacturing overhead was allocated to specific jobs.
f. The company received a bill for CAD design services for $9,000.
2. By the end of January, was manufacturing overhead overallocated or underallocated?
By how much?

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