1) Entries for Direct Labor and Factory Overhead

Townsend Industries Inc. manufactures recreational vehicles. Townsend uses ajob order cost system. Thetime ticketsfrom November jobs are summarized as follows:

Job 11-101$5,050

Job 11-1022,520

Job 11-1031,990

Job 11-1043,720

Factory supervision 1,730

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 $16 per hour.

If required, round final answers to the nearest dollar.

a.Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.

______________

______________

______________

b.Journalize the entry to apply factory overhead to production for November.

______________

______________

______________

2) Entries for Materials

Gen X Furnishings Company manufactures designer furniture. Gen X Furnishings uses ajob order cost system. Balances on June 1 from thematerials ledgerare as follows:

Fabric$29,400

Polyester filling 8,800

Lumber 65,900

Glue 2,800

The materials purchased during June are summarized from thereceiving reportsas follows:

Fabric$151,100

Polyester filling 210,000

Lumber 414,000

Glue 14,400

Materials were requisitioned to individual jobs as follows:

Fabric Polyester Filling Lumber Glue Total

Job 601 $54,400 $68,500 $183,300 $306,200

Job 602 41,900 74,500 160,500 276,900

Job 603 38,600 50,600 89,200 178,400

Factory overhead-indirect materials $7,100 7,100

Total$ 134,900 $193,600 $433,000 $7,100 $768,600

The glue is not a significant cost, so it is treated as indirect materials (factory overhead).

a.Journalize the entry to record the purchase of materials in June.

a .Materials __________

Accounts Payable ___________

Feedback

b.Journalize the entry to record the requisition of materials in June. If an amount box does not require an entry, leave it blank.

b.Work in Process _____________

Factory Overhead _____________

Materials ______________

Feedback

c.Determine the June 30 balances that would be shown in the materials ledger accounts.

Fabric Polyester Filling Lumber Glue

Balance, June 30 $ $ $ $

3)A summary of thetime ticketsfor the current month follows:

Job No. Amount

100 $ 3,670

101 4,350

104 25,510

108 15,850

Indirect 6,120

111 7,150

115 7,600

117 32,900

Required:Journalize the entry on Dec. 31 to record the factory labor costs. Refer to the Chart of Accounts for exact wording of account titles.