During August, Rothchild Company accumulated 3,500 hours of direct labor costs on Job 40 and 4,200 hours on Job 42. The total direct labor was incurred at a rate of $ 25.00 per direct labor hour for Job 40 and $ 23.50 per direct labor hour for Job 42. Journalize the entry to record the flow of labor costs into production during August.
Answer to relevant QuestionsDuring February, Gross Company incurred factory overhead costs as follows: indirect materials, $ 34,000; indirect labor, $ 81,000; utilities cost, $ 10,000; and factory depreciation, $ 61,000. Journalize the entry to record ...At the end of August, Rothchild Company had completed Jobs 40 and 42. Job 40 is for 10,000 units, and Job 42 is for 11,000 units. Using the data from Practice Exercises determine (a) The balance on the job cost sheets for ...VOC Industries Inc. manufactures recreational vehicles. VOC uses a job order cost system. The time tickets from May jobs are summarized below. Job 301 ........... $ 6,700Job 302 ........... 5,100Job 303 ...Raneri Trophies Inc. uses a job order cost system for determining the cost to manufacture award products (plaques and trophies). Among the company’s products is an engraved plaque that is awarded to participants who ...Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April 2014, the first month of operations: a. Materials purchased on account, $ 147,000. b. Materials ...
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