Dash Industries Inc. manufactures recreational vehicles. Dash uses a job order cost system. The time tickets from
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The time tickets from April jobs are summarized as follows:
Job 201............................. $5,250
Job 202............................. 6,100
Job 203............................. 4,280
Job 204............................. 5,620
Factory supervision.................. 2,785
Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $25 per direct labor hour. The direct labor rate is $50 per hour.
a. Journalize the entry to record the factory labor costs.
b. Journalize the entry to apply factory overhead to production for April.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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