Need help on both please The weekly time tickets indicate the following distribution of labor hours for three direct labor employees:HoursProcessJob 301Job 302Job 303ImprovementTom Couro101513David Clancy1212142Jose Cano1113151The direct labor rate earned per hour by the three employees is as follows:Tom Couro$32David Clancy36Jose Cano28The 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 vWages Payable v2.0000 Entries for MaterlalsGenX Furnishings manufactures designer furniture. GenX Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows:Fabric$40,500Polyester filling28,600Lumber62,400Glue6,550The materials purchased during June are summarized from the receiving reports as follows:Fabric$440,000Polyester filling180,000Lumber360,000Glue40,000Materials were requisitioned to individual jobs as follows:PolyesterFabricFillingLumberGlueTotalDob 601$205,000$75,000$120,000$400,000Dob 602110,00036,00088,000234,000Dob 603130,00055,000125,000310,000Factory overhead-indirectmaterials$34,80034,800Total$445,000$166,000$333,000$34,800 $978,800The glue is not a significant cost, so it is treated as indirect materials (factory overhead).a. Journalize the entry to record the purchase of materials in June.Materialsa.Accounts Payableb. Journalize the entry to record the requisition of materials in June. If an amount box does not require an entry, leave it blank.b. Work in ProcessFactory OverheadMaterialsFeedbackCheck My Workb. Increase the work in process for direct materials for the Jobs and factory overhead for the indirect materials.c. Determine the June 30 balances that would be shown in the materials ledger accounts.FabricPolyester FillingLumberGlueBalance, June 3000

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ne 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 10 15 13 David Clancy 12 12 14 2 Jose Cano 11 13 15 1 The direct labor rate earned per hour by the three employees is as follows: Tom Couro $32 David Clancy 36 Jose Cano 28 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 bl Work in Process v Factory Overhead v Wages Payable v

ne 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 10 15 13 David Clancy 12 12 14 2 Jose Cano 11 13 15 1 The direct labor rate earned per hour by the three employees is as follows: Tom Couro $32 David Clancy 36 Jose Cano 28 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 bl Work in Process v Factory Overhead v Wages Payable v

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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