Question

Chapter 19- Class Exercises , අගck Show Me How Calculator 1. PE.19-01B Entries for Direct Labor and Factory Overhead Townsend
0 0
Add a comment Improve this question Transcribed image text
Answer #1
a) Journal entry
Particulars Debit Credit
work in process 25200
factory overhead 4000
wages payable 29200
(to record labor cost incurred)
b) Particulars Debit Credit
work in process 11340
factory overhead 11340
(to record factory overhead to production)
WORKING
Work in process
Job 201 6240
job 202 7000
job 203 5210
job 204 6750
25200
factory overhead applied = direct labor hr*predetermined rate
factory overhead applied = 25200/40*18 = 11340

Please give a thumbs up if it is helpful & let me know if any doubt

Add a comment
Know the answer?
Add Answer to:
Chapter 19- Class Exercises , අගck Show Me How Calculator 1. PE.19-01B Entries for Direct Labor and Factory Overhea...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • CH 16 EXERCISES 3,4,8,10,14.15 eBook Show Me How Calculator Entries for Direct Labor and Factory Overhead...

    CH 16 EXERCISES 3,4,8,10,14.15 eBook Show Me How Calculator Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows: Job 11-101 Job 11-102 $6,240 9,000 7,210 Job 11-103 Job 11-104 6,750 Factory supervision 4,000 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $18 per direct labor hour. The direct labor rate is $40...

  • Chapter 19- Class Exercises eBook Show Me How Calculator 1. PE. 19-01B Entry for Issuing Materials...

    Chapter 19- Class Exercises eBook Show Me How Calculator 1. PE. 19-01B Entry for Issuing Materials Materials issued for the current month are as follows: 2. PE.19-02A.BLANKSHEET 3. PE.19-03B 4. EX. 19-03 Requisition No. Material Job No. Amount 103 Plastic 400 $ 2,800 104 Steel 402 24,000 105 Glue Indirect 1,620 106 Rubber 3,200 107 Titanium 404 31,600 Journalize the entry to record the issuance of materials. 5. EX. 19-05 6. EX.19-07 For a compound transaction, if an amount box...

  • Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a...

    Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows: $3,350 1,680 Job 201 Job 202 Job 203 Job 204 Factory supervision 1,320 2,470 1,150 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $24 per direct labor hour. The direct labor rate is $14 per hour. If required, round final answers to the...

  • Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a...

    Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows: Job 201 $5,430 Job 202 2,710 Job 203 2,140 Job 204 4,000 Factory supervision 1,860 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $24 per direct labor hour. The direct labor rate is $17 per hour. If required, round final answers to the...

  • only need PE19-3B Chapter 19 Job Order Costing 19-2 PE 19-20 PE Direct laber costs Durin...

    only need PE19-3B Chapter 19 Job Order Costing 19-2 PE 19-20 PE Direct laber costs Durin August, Hothchild Company accumulated 3.500 hours on 40 and 4.200 hours on Job 42. The total direct OB 2 Accumulated 1500 hours of direct labor costs on Job OD 12. The total direct later was incurred at a rate of 25.00 10 and $23.50 per direct labor hour for Job 42. Journalize the w of labor costs into production during August est lalo try...

  • only need PE19-2B Chapter 19 Job Order Costing 19-2 PE 19-20 PE Direct laber costs Durin...

    only need PE19-2B Chapter 19 Job Order Costing 19-2 PE 19-20 PE Direct laber costs Durin August, Hothchild Company accumulated 3.500 hours on 40 and 4.200 hours on Job 42. The total direct OB 2 Accumulated 1500 hours of direct labor costs on Job OD 12. The total direct later was incurred at a rate of 25.00 10 and $23.50 per direct labor hour for Job 42. Journalize the w of labor costs into production during August est lalo try...

  • Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a...

    Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows: Job 201 $3,360 Job 202 1,680 Job 203 1,330 Job 204 2,480 Factory supervision 1,150 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $24 per direct labor hour. The direct labor rate is $15 per hour. If required, round final answers to the...

  • Entries for Direct Labor and Factory Overhead Schumacher Industries Inc. manufactures recreational vehicles. Schumacher Industries uses...

    Entries for Direct Labor and Factory Overhead Schumacher Industries Inc. manufactures recreational vehicles. Schumacher Industries uses a job order cost system. The time tickets from June jobs are summarized as follows: Job 11-101 $4,640 Job 11-102 5,510 Job 11-103 6,612 Job 11-104 12,760 Job 11-105 18,270 Factory supervision 12,500 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $23 per direct labor hour. The direct labor rate is $29 per hour. a. Journalize the...

  • NDTAP der Costing G Google Passwor Enter your passe EX 19-6 Entry for factory labor costs...

    NDTAP der Costing G Google Passwor Enter your passe EX 19-6 Entry for factory labor costs Obj. 2 The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Job 302 Process Job 303 Improvement Tom Couro David Clancy Jose Cano Job 301 10 12 The direct labor rate earned per hour by the three employees is as follows: Tom Couro David Clancy Jose Cano The process improvement category includes training, quality improvement, and other...

  • eBook Show Me How Calculator Entry for Factory Labor Costs A summary of the time tickets...

    eBook Show Me How Calculator Entry for Factory Labor Costs A summary of the time tickets is as follows: Job No. Amount 100 $3,080 101 2,560 10-4 4,680 108 5,390 Indirect 16,420 111 3,290 115 2,160 117 14,610 pournalize 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 Feedback Check My Work Increase the Work in Process for the direct labor, increase...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT