Question
43. A summary of the time tickets for August follows: Description Amount Description Amount Job No. 321 $11,000 Job No. 342 $8,300 Job No. 329
43. A summary of the time tickets for August follows:
| Description | Amount | Description | Amount |
| Job No. 321 | $11,000 | Job No. 342 | $8,300 |
| Job No. 329 | 8,200 | Job No. 346 | 5,700 |
| Job No. 336 | 2,000 | Indirect labor | 5,000 |
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.
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Please Help.
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Financial Accounting
Authors: Joe Ben Hoyle, C.J. Skender, Joe Hoyle
1st Edition
0982361831, 978-0982361832
