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Week 4: Chapter 16 Homework 1. EX 16 16 ALGO 2 EX 16:07 ALGO 3. EX 16:10 ALGO 4. EX 16 13 ALGO 5. EX 16-02 EXCEL ALGO 6 TMM 16 01 7. EX 15.04 BLANKSHEETAL Progress: 27 items Job 303 . The A 10 Entry for Factory Labor Costs The weekly time tickets indicate the following distribution of labor hours for three direct labor employees Hours Job 301 Job 302 Process Improvement 19 14 Tom Couro David Clancy 10 18 Jose Cano 11 16 8 The direct labor rate earned per hour by the three employees is as follows: Tom Couro $24 David Clancy 10 Jose Cano 22 The process improvement category includes training, quality improvement, and other indirect tasks. a. Journalize the entry to record the factory labor costs for the week. If an amount box does not require an entry, leave it blank. b. Assume that Jobs 301 and 302 were completed but not sold during the week and that 306 303 remained incomplets at the end of the week. How Check My Work Previous 16 sigh KSHEETAL ems en hy to record the factory labor costs for the week. If an amount box does not require an entry, leave it blank. Accounts Payable b. Assume that Jobs 301 and 302 were completed but not sold during the week and that Job 303 remained incomplete at the end of the week. How would the direct labor costs for all three jobs be reflected on the financial statements at the end of the week? . The direct labor costs for Job 303 would The direct labor costs for the completed jobs would become part of the finished goods inventory be remain part of the work in process inventory Feedback Previous Next A POD Check My Vi Correct Check My Work 833 PM 6/1/2022