Dash Industries Inc. manufactures recreational vehicles. Dash uses a job order c

Question

Dash Industries Inc. manufactures recreational vehicles. Dash uses a job order cost system. The time tickets from April jobs are summarized as follows:

Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $27 per direct labor hour. The direct labor rate is $55 per hour.

Required:

*Refer to the Chart of Accounts provided for the correct wording of account titles.

Required:

PAGE 10

JOURNAL

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5

Explanation / Answer

Dash Industries Limited All Amounts in $ Rate per hour Labour Hours Allocation of Factory Overhead Job 201 5,140 55 93.45455 2523.27273 Job 202 6,020 55 109.4545 2955.27273 Job 203 4,120 55 74.90909 2022.54545 Job 204 8,205 55 149.1818 4027.90909 Factory supervision 2,885 427 (a) Journal for Factory Labour Costs Job 201 A/c 5140 Job 202 A/c 6020 Job 203 A/c 4120 Job 204 A/c 8205 To Factory Labor A/c 23485 Job 201 A/c 2523.273 Job 202 A/c 2955.273 Job 203 A/c 2022.545 Job 204 A/c 4027.909 To Factory Overhead A/c 11529 Factory Overhead A/c 8,644 To Factory Overhead Over-applied A/c 8,644

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