Business, 23.06.2021 22:00 lilybear1700
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$4,640
Job 11-1025,510
Job 11-1036,612
Job 11-10412,760
Job 11-10518,270
Factory supervision12,500
Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $23 per direct labor hour. The direct labor rate is $29 per hour.
a. Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.
Work in Process
Factory Overhead
Wages Payable
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a. Increase the work in process for the direct labor and factory overhead for the indirect labor.
b. Journalize the entry to apply factory overhead to production for June. If an amount box does not require an entry, leave it blank.
Work in Process
Factory Overhead
Answers: 3
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Entries for Direct Labor and Factory Overhead
Schumacher Industries Inc. manufactures recreational...
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