Chasse Homes Inc. manufactures mobile homes. Chasse uses a job order cost system. The time tickets from

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Chasse Homes Inc. manufactures mobile homes. Chasse uses a job order cost system. The time tickets from October jobs are summarized below.
Job 502 ....... $2,352
Job 503 ...... 1,440
Job 504 ....... 960
Job 505 ...... 1,320
Factory supervision . 2,760

Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $20 per direct labor hour. The direct labor rate is $12 per hour.
a. Journalize the entry to record the factory labor costs.
b. Journalize the entry to apply factory overhead to production for October.

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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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