None 3. A summary of the time tickets for August follows:DescriptionAmountDescriptionAmountJob No. 321$11,000Job No. 342$8,300Job No. 3299,200Job No. 3465,700Job No. 3365,000Indirect labor8,000Present the journal entries to record (a) the labor cost incurred and (b) the application offactory overhead to production for August. The factory overhead rate is 70% of directlabor cost.

Step 1:Part-a General JournalDebitCredit(a)Work in process39,200 Factory overhead8000 Wages…

Answered: 3. A summary of the time tickets for…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 10PB: The actual overhead for a company is $73,175. Overhead was based on 4,500 machine hours and was...

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A summary of the time tickets for August follows: Description Amount Description Amount Job No. 321 $11,000 Job No. 342 $8,300 Job No. 329 8,200 Job No. 346 5,700 Job No. 336 7,000 Indirect labor 5,000 Present the journal entries to record (a) the labor cost incurred and (b) the application of factory overhead to production for August. The factory overhead rate is 70% of direct labor cost. JOURNAL Date Post. DR CR (a) (b)
During August, the receipts and distributions of Material No. B4G9 are as follows: Received Aug. 3 1,100 units at $15 16 1,700 units at $17 29 900 units at $18 Issued Aug. 11 700 units for Job 116 18 1,900 units for Job 117 30 800 units for Job 118 a. Determine the cost of each of the three issues under a perpetual system, using the first-in, first-out method. b. Journalize a summary entry to record the issuance of the materials for the month, assuming that the cost of issuances is determined by the first-in, first-out method. If an amount box does not require an entry, leave it blank. i need help please
A summary of the time tickets for August follows: Description Job 321 Job 329 Job 336 Job 342 Job 346 Indirect labor a. Amount Journalize the entries for (a) the labor cost incurred and (b) the application of factory overhead to production for August. The predetermined factory overhead rate is 70% of direct labor cost. If an amount box does not require an entry, leave it blank. b. $11,000 9,200 5,000 8,300 5,700 8,000
A summary of the time tickets for August follows: Description Amount Description Amount Job No. 321 $11,000 Job No. 342 $8,300 Job No. 329 8,200 Job No. 346 5,700 Job No. 336 2,000 Indirect labor 5,000 Present the journal entries to record (a) the labor cost incurred and (b) the application of factory overhead to production for August. The factory overhead rate is 70% of direct labor cost.
Entry for factory labor costsA summary of the time tickets for the current month follows Job No. Amount Amount 100 $ 3,500 101 6,650 104 21,900 108 14,440 Indirect $ 9,100 111 8,620 115 2,760 117 18,550 Journalize the entry to record the factory labor costs.
Entry for Factory Labor Costs A summary of the time tickets for the current month follows: Job No. Amount 100 $1,810 101 1,500 104 2,750 108 3,130 Indirect 9,650 111 1,910 115 1,250 117 8,480 Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.
Entry for Factory Labor Costs A summary of the time tickets for the current month follows: Job No. Amount 100 $3,270 101 2,710 104 4,970 108 5,720 Indirect labor 17,430 111 3,490 115 2,290 117 15,500 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 v
A summary of the time tickets for October follows: Description Amount Description Amount Job No. 319 $10,000 Job No. 344 $8,500 Job No. 330 9,700 Job No. 346 5,800 Job No. 335 3,000 Indirect labor 8,600 (a) Present the journal entry to record the labor costs incurred. Account DR CR (b) Record the application of factory overhead to production for October. The factory overhead rate is 65% of direct labor cost. Please also show your calculation to maximize your points. Calculation: Account DR CR
Entry for Factory Labor Costs A summary of the time tickets for the current month follows: Job No. Amount 100 $2,080 101 1,730 104 3,160 108 3,560 Indirect labor 11,090 111 2,170 115 1,420 117 9,650 Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.
Question: If direct labor for the month is $40,000 overhead is applied based on direct labor, annual overhead is $600,000, and annual direct labor is $1,000,000, what is the entry to charge direct labor to production? a. Debit Work-in-Process Inventory $40,000; credit Payroll $40,000 b. Debit Overhead-Applied $40,000; credit Work in Process $40,000 c. Debit Work-in-Process Inventory $24,000; credit Overhead-Applied $24,000 d. Debit Work-in-Process Inventory $66,000; credit Overhead-Applied $66,000
Answer
The journal entry to record the Labor Time Tickets includes a credit to the Factory Labor account of what dollar amount? Materials Labor Requisition Time For Slips Tickets Job No. 429 $ 3,500 $ 4,400 Job No. 430 2,600 3,400 Job No. 431 3,400 4,200 Job No. 432 3.000 4.000 Sub-Total 12,500 16,000 General Use 1.000 1,500 Total Cost $ 13.500 17,500 $13,500 $1,500 $17,500 $16,000

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