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Category > Accounting Posted 11 Jul 2017 My Price 5.00

Entries for Direct Labor and Factory Overhead

Entries for Direct Labor and Factory Overhead

Moura Industries Inc. manufactures recreational vehicles. Moura uses a job order cost system. The time tickets from July jobs are summarized below.

 

 

Job 410 $4,500

Job 411 $2,250

 

Job 412 $1,780

 

Job 413 $3,320

 

Factory supervision $1,540

 

Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $22 per direct labor hour. The direct labor rate is $15 per hour. If required, round final answers to the nearest dollar.

 

a. Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.

b. Journalize the entry to apply factory overhead to production for July.

Answers

SuperTutor
(15)
Status NEW Posted 11 Jul 2017 06:07 AM My Price 5.00

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file 1499756548-Solutions file.docx preview (51 words )
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