10. During the month of June, employee time tickets at Michaels Camping Supply provide the following information: 700 hours for Job 81, 675 hours for Job 82, and 500 hours for Job 83. Workers are paid $9 for every hour worked. Prepare the journal entries required as of the end of the month.

11. Michaels Camping Supply incurs the following expenses throughout the month of June: $5,000 for indirect materials, $7,000 for indirect labor, $4,400 for factory utilities, and $1,200 for factory depreciation. At the beginning of the month, the company expected to incur $20,000 in factory overhead, which would be allocated based on the expected 2,000 direct labor hours to be worked.

a. Prepare the journal entry required to record the costs considered to be factory overhead.

b. Calculate the predetermined factory overhead rate.

c. Prepare the journal entry to allocate the overhead to the jobs at the end of the month using the direct labor hours given in Exercise 10.

12. Throughout the year, Factory Overhead at Michaels Camping Supply had the following activities: applied costs of $90,500 and actual costs of $88,100 previous to the month of June. Use the information in Exercise 11 to determine if the factory overhead was under- or over applied as of the June 30 fiscal year-end. Also, prepare the journal entry required to account for the balance.