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2.Recording Direct Labor and Factory Overhead Chamlee Industries Inc. manufactures recreational vehicles. Chamlee Industries uses a...

2.Recording Direct Labor and Factory Overhead Chamlee Industries Inc. manufactures recreational vehicles. Chamlee Industries uses a job order cost system. The time tickets from May jobs are summarized below. Job 5-100 $8,320 Job 5-101 5,070 Job 5-102 6,240 Job 5-103 3,770 Factory supervision 2,275 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $35 per direct labor hour. The direct labor rate is $35 per hour. a. Determine the total factory labor costs transferred to Work in Process and Factory Overhead for May. If required, round your answers to nearest dollar

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Answer #1

Solution:

A.)
Job-5-100 = $8,320
Job-5-100 = $5,070
Job-5-100 = $6,240
Job-5-100 = $3,770
Total = $23,400
Factory labor costs transferred to Work in Process = $23,400
Factory labor costs transferred to Factory Overhead = $2,275

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