chapter 16

Entry for Issuing Materials Materials issued are as follows: Journalize the entry to record the issuance of materiais. If an amount box does not require an entry, leave it blank. Entry for Factory Labor Costs A summary of the time tickets is as follows: Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank. Predetermined Factory Overhead Rate Turbo shop uses job order costing to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: The average shop direct labor-rate is $40.00 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. per direct labor hour