A summary of the time tickets for August follows: Hide Present the journal entri
ID: 2482859 • Letter: A
Question
A summary of the time tickets for August follows: Hide Present the journal entries to record (a) the labor cost incurred and (b) the application of factory overhead to production for August. The factory overhead rate is 70% of direct labor cost. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". a. b. A summary of the time tickets for August follows: Hide Present the journal entries to record (a) the labor cost incurred and (b) the application of factory overhead to production for August. The factory overhead rate is 70% of direct labor cost. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". a. b.
Explanation / Answer
Question does not have numbers.
So, i am assuming to be below question:
. A summary of time tickets for August follows: Job No. 321 $11000 Job No. 329 $8200 Job N0. 336 $2000 Job No. 342 $8300 Job No. 346 $5700 Indirect labor $5000 Present the journal entries to record (a) the labor cost incurred and (b) the application of factory overhead to production for August. The factory overhead rate is 70% of direct labor cost.
(a)
Work in Process
35,200
Factory Overhead
5,000
Wages Payable
40,200
(b)
Work in Process
24,640
Factory Overhead
24,640
(a)
Work in Process
35,200
Factory Overhead
5,000
Wages Payable
40,200
(b)
Work in Process
24,640
Factory Overhead
24,640
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.