Question

VOC Industries Inc. manufactures recreational vehicles. VOC uses a job order cost system. The time tickets from May jobs are summarized below.
Job 301 ........... $ 6,700
Job 302 ........... 5,100
Job 303 ........... 5,000
Job 304 ........... 5,800
Factory supervision ....... 3,900
Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $ 20 per direct labor hour. The direct labor rate is $ 40 per hour.
a. Journalize the entry to record the factory labor costs.
b. Journalize the entry to apply factory overhead to production for May.



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  • CreatedJune 27, 2014
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