5. The following data of JYD Corp. Workers idle time are as follows:Wage Rate/hr.Normal Idle Time Abnormal Idle time6 brs8 hcs8 bre2 brs.Mr. Gom, Factory SupervisorMr. Bur, Factory laborerMr. Za, Factory laborerP4002502 hrs.250Prepare the journal entry to record the idle time of the three workers.

Overhead means the cost incurred indirect in factory for the production of goods. Normal idle time…

Answered: 5. The following data of JYD Corp.…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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What is the answer in mumber 11?~
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.
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.
Use the information given below to calculate the labour cost to Yolo Enterprises in respect of T. Henry for the week ended 27 March 2021. 1.2 INFORMATION Yolo Enterprises submitted the following information for the week ended 27 March 2021 in respect of an employee, T. Henry, who is employed at one of its projects: Hours worked Sunday Monday to Friday Saturday 47 5 Additional information : The normal working week is Monday to Friday and comprises 45 hours. : The normal wage rate is R180 per hour. : Overtime during the normal working week and on Saturdays is remunerated at time-and-a-half of the normal rate. : Overtime on Sundays is remunerated at twice the normal rate. : The following deductions are applicable to T. Henry: Income tax 20% of taxable income Pension 8% of normal pay Medical R400 per week aid | Yolo Enterprises contributes on a Rand-for-Rand basis to the pension fund and medical aid fund.
Journalize the following labor-related transactions for Glamorous Glass Co. at its plant in Portland, Oregon. Assume that the labor has been incurred, but not yet paid. Plant janitor's wages Plant furnace operator's wages Glass blower's wages $ 610 880 76,000 Journalize the transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Prepare a single compound journal entry) Credit Date Accounts and Explanation Debit
(c) Calculate the total manufacturing overhead cost for the period. $ __________________ (d) Calculate the total manufacturing cost for the period. $ __________________
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
XYZ Company has the following balances for the current month: Direct materials used OMR 24,00O Direct labor OMR 36,800 Sales salaries OMR 19,200 Indirect labor OMR 4,800 Production manager's salary OMR 9,600 Marketing costs OMR 6,400 Factory lease OMR 14,400 What is total manufacturing overhead? a. None of the given answer. b. OMR 20,800 С. OMR 25,600 d. OMR 28,800 е. OMR 35,200
The following account appears in the ledger prior to recognizing the jobs completed in August: Work in Process Balance, August 1 $ 59,050 Direct materials 335,000 Direct labor 494,700 Factory overhead 226,200 Jobs finished during August are summarized as follows: Job 210 $178,300 Job 216 232,250 Job 224 149,500 Job 230 328,250 Required: a. Journalize the entry on Aug. 31 to record the jobs completed. Refer to the Chart of Accounts for exact wording of account titles. b. Determine the cost of the unfinished jobs at August 31.
Journalize the entries
As for the payroll, the job No. 301 have incurred direct labor cost of $2500, and 3100 for job No. 305. The journal entry to record this transaction is: a. Dr. work in-process control Job No. 301 Job No. 305 $2500 $3100 Cr. Wages payable $5600 b. Dr. Wages payable Cr. work in-process control Job No. 301 Job No. 305 $5600 $2500 $3100 c. Dr. Manufacturing overhead control 5600 Cr. Wages payable $5600 d. None of the above a b C d
Show the solution in excel Required: - Schedule of labor hours and schedule of labor costs (Factory payroll distribution sheet)

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