Entry for Factory Labor Costs The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Job 301 Job 302 Hours 13 17 12 Job 303 Landon Vincent 17 Fahad Hamad 12 Ivory Argo 10 The direct labor rate earned per hour by the three employees is as follows: Landon Vincent $20 Fahad Hamad 22 Ivory Argo 18 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. 7 13 Process Improvement 2 8 4 6

The weekly time tickets indicate the following distribution of labor hours for three direct labor employees:   Hours       Process Job 301 Job 302 Job 303 Improvement Tom Couro 9 14 12 1 David Clancy 12 10 13 3 Jose Cano 13 15 17 3   The direct labor rate earned per hour by the three employees is as follows: Tom Couro $30 David Clancy 36 Jose Cano 26   The process improvement category includes training, quality improvement, and other indirect tasks.   Required:   a. Journalize the entry on July 15 to record the factory labor costs for the week. Refer to the chart of accounts for the exact wording of the account titles.   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?

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 Job 303 ProcessImprovement Tom Couro 23   10   9   5   David Clancy 13   13   13   3   Jose Cano 13   17   10   4   The direct labor rate earned per hour by the three employees is as follows: Tom Couro $18 David Clancy 25 Jose Cano 21 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.     Work in Process Work in Process     Factory Overhead Factory Overhead     Wages Payable Wages Payable     Feedback 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…

Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows: Job 201 $6,240 Job 202 7,000 Job 203 5,210 Job 204 6,7500 Factory supervision 4,000 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $18 per direct labor hour. The direct labor rate is $40 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      b.  Journalize the entry to apply factory overhead to production for November. If an amount box does not require an entry, leave it blank.   Work in Process        Factory Overhead

Job Costs Using Activity-Based Costing Heitger Company is a job-order costing firm that uses activity-based costing to apply overhead to jobs. Heitger identified three overhead activities and related drivers. Budgeted information for the year is as follows: Activity Cost Driver Amount of Driver Materials handling $88,800 Number of moves 4,000 Engineering 117,600 Number of change orders 8,000 Other overhead 174,800 Direct labor hours 46,000 Heitger worked on four jobs in July. Data are as follows: Job 13-43 Job 13-44 Job 13-45 Job 13-46 Beginning balance $23,400 $19,200 $4,700 $0 Direct materials $5,800 $9,600 $13,400 $10,100 Direct labor cost $950 $1,010 $1,590 $110 Job 13-43 Job 13-44 Job 13-45 Job 13-46 Number of moves 46 46 33 Number of change orders 35 37 17 23 Direct labor hours 950 1,010 1,590 110 By July 31, Jobs 13-43 and 13-44 were completed and sold. Jobs 13-45 and 13-46 were still in process.

The weekly time tickets indicate the following distribution of labor hours for three direct labor employees:   Hours   Job 301 Job 302 Job 303 ProcessImprovement Landon Vincent 17   13   9   4   Fahad Hamad 10   13   13   3   Ivory Argo 11   17   8   5   The direct labor rate earned per hour by the three employees is as follows: Landon Vincent $23 Fahad Hamad 17 Ivory Argo 20 The process improvement category includes training, quality improvement, and other indirect tasks. Question Content Area 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. blank   - Select - - Select -     - Select - - Select -     - Select - - Select -

Entries and schedules for unfinished jobs and completed jobs Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first month of operations: Materials purchased on account, $147,000. Materials requisitioned and factory labor used:   Job No. Materials Factory Labor 101 $ 19,320 $19,500 102 $ 23,100 28,140 103 $ 13,440 14,000 104 $ 38,200 36,500 105 $ 18,050 15,540 106 $ 18,000 18,700 For general factory use $ 9,000 20,160   Factory overhead costs incurred on account, $6,000. Depreciation of machinery and equipment, $4,100. The factory overhead rate is $40 per machine hour. Machine hours used: Job No. Machine Hours 101 154 102 160 103 126 104 238 105 160 106 174 Total 1,012 Jobs completed: 101, 102, 103, and 105. Jobs were shipped, and customers were billed as follows: Job 101, $62,900; Job…

Subject:- accounting

9/7/22, 5:21 PM Entry for Factory Labor Costs Instructions The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Landon Vincent 9 Fahad Hamad 11 Ivory Argo Process Job 301 Job 302 Job 303 Improvement 18 11 2 13 1 9 8 Landon Vincent $35 Fahad Hamad 36 Ivory Argo 28 15 CengageNOWv2 | Online teaching and leaming resource from Cengage Leaming Hours 20 Chart of Accounts The direct labor rate earned per hour by the three employees is as follows: 3 The process improvement category includes training, quality improvement, and other indirect tasks. Required: a. Journalize the entry on July 15 to record the factory labor costs for the week. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for joumal explanations. Every line on a joumal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. b. Assume that Jobs…

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 Job 11-102 Job 11-103 Job 11-104 Job 11-105 Factory supervision Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $30 per direct labor hour. The direct labor rate is $14 per hour. $2,040 1,380 1,090 1,680 1,090 950 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 Work in Process Factory Overhead ✓ 7,280 950 ✓ b. Journalize the entry to apply factory overhead to production for June. If an amount box does not require an entry, leave it blank. 17.30 X 8,230 17.30 X