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10 || | — oRequired information Part 2 of 3 - 7.69/7.69 points awarded Knowledge Check 01 Dream House Builders, Incorporated applies overhead by linking it to direct labor. At the start of the current period, management eBook predicts total direct labor costs of $100,000 and total overhead costs of $20,000. On January 31, the direct labor for this job equals $2,700. Print Complete the following journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. References " No Date General Journal Debit Credit 540 & 1 Jan 31 Work in process inventory Factory overhead Q0 2 Q
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Entry for Factory Labor Costs
The weekly time tickets indicate the following distribution of labor hours for three direct labor employees:
Job 301
17
12
10
Job 302
13
17
Hours
Landon Vincent
Fahad Hamad
Ivory Argo
The direct labor rate earned per hour by the three employees is as follows:
$20
22
18
12
Job 303
7
13
Process
Improvement
2
4
6
8
Landon Vincent
Fahad Hamad
Ivory Argo
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.
arrow_forward
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
Landon Vincent
10
13
12
3
Fahad Hamad
11
10
16
3
Ivory Argo
13
12
13
2
The direct labor rate earned per hour by the three employees is as follows:
Landon Vincent
Fahad Hamad
$31
34
30
Ivory Argo
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 journal explanations. Every line on a
journal page is used for debit or credit entries. CNOW journals will
automatically indent a credit entry when a credit amount is entered.
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Entry for Factory Labor Costs
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
Landon Vincent
19
9.
5
Fahad Hamad
11
15
14
Ivory Argo
12
15
11
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.
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
Factory Overhead
Wages Payable
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engageNOWv2 | Online teachin X +
_com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress.... A
E
At the end of April, Cavy Company had completed Jobs 765 and 766. The individual job cost sheets reveal the following information:
Job
Direct Materials Direct Labor Machine Hours
Job No. 765
$8,400
30
$2,520
4,698
Job No. 766
14,877
87
Job 765 consisted of 180 units, and Job 766 consisted of 261 units.
Assuming that the predetermined factory overhead rate is applied by using machine hours at a rate of $95 per hour.
a. Determine the balance on the job cost sheets for each job.
Job 765
Job 766
b. Determine the cost per unit at the end of April. Round your answers to the nearest cent.
Job 765
Job 766
a
118
D
-F10
Previous
Next >
D
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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 -
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Info for question in attached images
Answer Choices for Q1
a. $7,500
b. $10,830
c. $7,400
d. $25,730
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Entry for Factory Labor Costs
The weekly time tickets indicate the following distribution of
labor hours for three direct labor employees:
Tom Couro
David Clancy
Jose Cano
Job 301
Tom Couro
David Clancy
Jose Cano
19
10
11
Job 302
10
15
16
Hours
$20
22
18
Job 303
7
14
12
The direct labor rate earned per hour by the three
employees is as follows:
Process
Improvement
5
5
4
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 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 the completed jobs would become
part of the
. The direct labor costs for Job
303 would be remain part of the
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5. 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
15
15
1
David Clancy
10
11
16
3
Jose Cano
11
12
17
3
The direct labor rate earned per hour by the three employees is as follows:
Tom Couro
$34
David Clancy
36
Jose Cano
29
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.
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?
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Get Solution Please Provide answer of General Accounting
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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
Landon Vincent
9
15
14
2
Fahad Hamad
13
13
14
1
Ivory Argo
10
11
16
3
The direct labor rate earned per hour by the three employees is as follows:
Landon Vincent
$33
Fahad Hamad
36
Ivory Argo
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.
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?
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Please Need Help with this Question
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Hello tutor please answer the general accounting question
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Entry for Factory Labor Costs
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
23
14
David Clancy
14
17
14
Jose Cano
13
17
10
6.
The direct labor rate earned per hour by the three employees is as follows:
Tom Couro
$16
David Clancy
24
Jose Cano
20
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
Factory Overhead
Wages Payable
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Provide correct answer general accounting question
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1
Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $624,000
of overhead costs and $520,000 of direct labor cost for the year. During March, Shire began and completed Job 13-56.
1. What is the predetermined overhead rate for the year?
2. Use the information on the following job cost sheet to determine the total cost of the job.
Complete this question by entering your answers in the tabs below.
Dok
nt
Required 1 Required 2
nt
ences
Using the information on the following job cost sheet, determine the total cost of the job. (Round your answers to the nearest
dollar amount.)
JOB COST SHEET
Customer's Name: Keiser Co.
Job No: 13-56
Job Description: 5 plasma monitors-61 inch
Direct Materials
Overhead
Total Cost
Date
Requisition No.
Amount
Costs
Applied
Mar. 8
4-129
$ 6,000 T-306
$ 7,800
Mar. 11
4-142
7,350 T-432
Mar. 18
4-167
3,850 T-456
4
47.000
▬
‒‒‒
m
Next >
***********
HOL
Direct Labor
Time-Ticket No.
Amount
$
ch
Prev…
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general accounting
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Info in images
Choices for Q1
a. $46,154
b. $29,970
c. $11,988
d. $41,958
Choices for Q2
a. Choice D
b. Choice A
c. Choice B
d. Choice C
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Hello tutor please provide this question solution general accounting
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Entry for Factory Labor Costs
The weekly time tickets indicate the following distribution of labor hours for three direct labor employees:
Job 301
Work in Process
Job 302
17
13
13
Factory Overhead
Wages Payable
Landon Vincent
Fahad Hamad
Ivory Argo
The direct labor rate earned per hour by the three employees is as follows:
$24
19
22
10
18
Hours
17
Job 303
7
16
Process
Improvement
9
5
2
Landon Vincent
Fahad Hamad
Ivory Argo
The process improvement category includes training, quality improvement, and other indirect tasks.
5
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.
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Can you help me with accounting questions
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Entry for Factory Labor Costs
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
17
11
7
4
David Clancy
8
18
13
Jose Cano
13
13
10
5
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.
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 the completed jobs would become part of the
. The direct labor costs for Job 303 would be remain part of the
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Please get correct answer this financial accounting question
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- Entry for Factory Labor Costs The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Job 301 17 12 10 Job 302 13 17 Hours Landon Vincent Fahad Hamad Ivory Argo The direct labor rate earned per hour by the three employees is as follows: $20 22 18 12 Job 303 7 13 Process Improvement 2 4 6 8 Landon Vincent Fahad Hamad Ivory Argo 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.arrow_forwardThe weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Hours Process Job 301 Job 302 Job 303 Improvement Landon Vincent 10 13 12 3 Fahad Hamad 11 10 16 3 Ivory Argo 13 12 13 2 The direct labor rate earned per hour by the three employees is as follows: Landon Vincent Fahad Hamad $31 34 30 Ivory Argo 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 journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.arrow_forwardEntry for Factory Labor Costs 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 Landon Vincent 19 9. 5 Fahad Hamad 11 15 14 Ivory Argo 12 15 11 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. 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 Factory Overhead Wages Payablearrow_forward
- kindly help me with accounting questionarrow_forwardengageNOWv2 | Online teachin X + _com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress.... A E At the end of April, Cavy Company had completed Jobs 765 and 766. The individual job cost sheets reveal the following information: Job Direct Materials Direct Labor Machine Hours Job No. 765 $8,400 30 $2,520 4,698 Job No. 766 14,877 87 Job 765 consisted of 180 units, and Job 766 consisted of 261 units. Assuming that the predetermined factory overhead rate is applied by using machine hours at a rate of $95 per hour. a. Determine the balance on the job cost sheets for each job. Job 765 Job 766 b. Determine the cost per unit at the end of April. Round your answers to the nearest cent. Job 765 Job 766 a 118 D -F10 Previous Next > Darrow_forwardThe 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 -arrow_forward
- Info for question in attached images Answer Choices for Q1 a. $7,500 b. $10,830 c. $7,400 d. $25,730arrow_forwardEntry for Factory Labor Costs The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Tom Couro David Clancy Jose Cano Job 301 Tom Couro David Clancy Jose Cano 19 10 11 Job 302 10 15 16 Hours $20 22 18 Job 303 7 14 12 The direct labor rate earned per hour by the three employees is as follows: Process Improvement 5 5 4 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 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 the completed jobs would become part of the . The direct labor costs for Job 303 would be remain part of thearrow_forward5. 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 15 15 1 David Clancy 10 11 16 3 Jose Cano 11 12 17 3 The direct labor rate earned per hour by the three employees is as follows: Tom Couro $34 David Clancy 36 Jose Cano 29 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. 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?arrow_forward
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