Analyzing Labor Time Tickets and Recording Labor Costs
A weekly time ticket for Jim Bolton follows:
Direct Labor Time Ticket Ticket Number: TT338 Employee: Jim Bolton | Dates: | Monday 8/12–Friday 8/16, 2010 | ||
Date | Time Started | Time Ended | Total Hours | Job Number |
8/12/2010 | 7:00 AM | 3:00 PM | 8 hours | Job 271 |
8/13/2010 | 7:00 AM | 3:00 PM | 8 hours | Job 271 |
8/14/2010 | 7:00 AM | 3:00 PM | 8 hours | Job 272 |
8/15/2010 | 7:00 AM | 11:00 AM | 4 hours | Job 272 |
8/15/2010 | 12:00 PM | 4:00 PM | 4 hours | Maintenance |
8/16/2010 | 7:00 AM | 3:00 PM | 8 hours | Job 273 |
| Weekly Total | 40 hours |
| |
| Hourly Labor Rate | $25 |
| |
| Total Wages Earned | $1,000 |
| |
Required:
1.Determine how much of the $1,000 that Jim earned during this week would be charged to Job 271, Job 272, and Job 273.
2. Explain how the time spent doing maintenance work would be treated.
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