0.64 points A weekly time ticket for Joyce Caldwell follows: Direct Labor Time T

Question

0.64 points A weekly time ticket for Joyce Caldwell follows: Direct Labor Time Ticket Ticket Number: TT338 Employee: Joyce Caidwell Dates: Monday 8/12- Friday 8/16, 2016 Total Hours Time Started 7:00 AM 7:00 AM 7:00 AM 7:00 AM Job Ended Date 8/12/2016 8/13/2016 8/14/2016 8/15/2016 8/15/2016 12:00 PM 8/16/2016 3:00 PM 3:00 PM 3:00 PM 11:00 AM 4:00 PM 3:00 PM Weekly Total Hourly Labor Rate Total Wages Earned 8 hours 8 hours 8 hours 4 hours 4 hours 8 hours 40 hours Job 271 Job 271 Job 272 Job 272 Maintenance Job 273 7:00 AM $960 Required Prepare a journal entry to record Joyce's wages. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record Joye's wages to be paid at a later date Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

Explanation / Answer

Total hours worked 40 hours Less: Hours worked for maintenance 4 hours (treated as indirect labor) Hours worked as direct labor 36 hours Journal entry for wages due: Work in process Inventory Account Dr. (36 hours @ 24) 864 Manufacturing Overheads Account Dr. (4 hours @24) 96       Wages payable Account 960

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