Which of the following would record the labor costs to an individual job? a. Clock...
The basis for recording direct and indirect labor costs incurred is a summary of the period's a. job order cost sheets b. time tickets c. employees' earnings records d. clock cards
Background The company processes factory workers’ payroll every 2 weeks. The factory workers record the number of hours worked (and job information) on attendance time cards. (do nothing for the background) The Payroll Process:(The following part that needs to be documented) The payroll process begins when the time cards are received by factory supervisor from the factory employees. The supervisor approves the time cards. The cards are then batched (with batch totals being prepared) and sent to the payroll department....
QUESTION 12 The basis for recording direct and indirect labor costs incurred is a summary of the period's a. time tickets b. clock cards c. employees' earnings records d.job order cost sheets
20-20 (Objectives 20-2, 20-3) Following are some of the tests of controls and substantive tests of transactions procedures often performed in the payroll and personnel cycle. 1. Reconcile the monthly payroll total for direct manufacturing labor with the labor cost distribution. 2. Examine the time card for the approval of a foreman. 3. Recompute hours on the time card and compare the total with the total hours for which the employee has been paid. 4. Perform a surprise payroll payoff...
Entry for Factory Labor Costs A summary of the time tickets is as follows: Job No. Amount 100 $4,800 5,875 101 104 108 Indirect 18,250 15,500 8,220 9,430 12,675 19,225 111 115 117 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 is as follows: Job No. Amount 100 $2,600 101 2,160 104 3,950 108 4,500 Indirect 13,860 111 2,750 115 1,800 117 12,200 Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank. <
A source document that an employee uses to record the number of hours at work and that is used to determine the total labor cost for each pay period is a: Select one: a. Job cost sheet. b. Hours-of-production sheet. c. Time ticket. d. Job order ticket. e. Clock card.
Entry for Factory Labor Costs A summary of the time tickets is as follows: Job No. Amount 100 $2,410 101 2,000 104 3,660 108 4,220 Indirect 12,850 111 2,570 115 1,690 117 11,440 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 ______ _______
Entry for Factory Labor Costs A summary of the time tickets is as follows: Job No. Amount 100 $2,240 101 1,860 104 3,400 108 3,900 Indirect 11,940 111 2,380 115 1,560 117 10,570 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
Problem 02-5A Production transactions, subsidiary records, and source documents LO P1, P2, P3, P4 Sager Company manufactures variations of its product, a technopress, in response to custom orders from its customers. On May 1, the company had no inventories of work in process or finished goods but held the following raw materials. On May 4, the company began working on two technopresses: Job 102 for Worldwide Company and Job 103 for Reuben Company. a. Purchased raw materials on credit and recorded the following...