Entries for Direct Labor and Factory Overhead Schumacher Industries Inc. manufactures recreational vehicles. Schumacher Industries uses a
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Entries for Direct Labor and Factory Overhead
Schumacher Industries Inc. manufactures recreational vehicles. Schumacher Industries uses a job order cost system. The time tickets from June jobs are summarized as follows:
Job 11-101 | $2,520 |
Job 11-102 | 1,710 |
Job 11-103 | 1,350 |
Job 11-104 | 2,080 |
Job 11-105 | 1,350 |
Factory supervision | 1,170 |
Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $26 per direct labor hour. The direct labor rate is $17 per hour.
a. Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.
fill in the blank 40a90001501c00d_2 | fill in the blank 40a90001501c00d_3 |
fill in the blank 40a90001501c00d_5 | fill in the blank 40a90001501c00d_6 |
fill in the blank 40a90001501c00d_8 | fill in the blank 40a90001501c00d_9 |
b. Journalize the entry to apply factory overhead to production for June. If an amount box does not require an entry, leave it blank.
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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