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Check My Work (3 remai eBook Recording Direct Labor and Factory Overhead Chamlee Industries Inc. manufactures recreational vehicles. Chamlee Industries uses a job order.cost system.
Check My Work (3 remai eBook Recording Direct Labor and Factory Overhead Chamlee Industries Inc. manufactures recreational vehicles. Chamlee Industries uses a job order.cost system. The time tickets from May jobs are summarized below Job 5-100 Job 5-101 Job 5-102 Job 5-103 Factory supervision Factory overhead is applied to jobs on the basis of a predetermined overhead rate of 30 per direct labor hour. The direct labor rate is $25 per hour a. Determine the total factory labor costs transferred to Work in Process and Factory Overhead for May. If required, round your answers to nearest dollar Factory labor costs transferred to Work in Process Factory labor costs transferred to Factory Overhead b. Determine the amount of factory overhead applied to production for May. If required, round your answer to nearest dollar $11,520 7,020 8,640 5,220 3,150 c. Illustrate the effects of the factory overhead applied in (b) on the accounts and financial statements. If no account or activity is affected, select "No effect from the drop-down list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Statement of Balance Sheet Income Cash Flows Statement Assets Liabilities Stockholders' Equity Select Select Select Select Statement of Cash Flows Income Statement Select Select
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