Entries for direct labor and factory overhead Instructions Chart of Accounts Journal Instructions Townsend Industries Inc manufactures recreational vehicles. Townsend uses a border costs The time tickets from November jobs are summarized as follow Job 201 55.180 8.140 Job 202 Job 203 4,170 3,921 Job 204 Factory supervision 2,880 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $4 per direct labor hour. The direct laborite is $47 per hour, Required: A Journalize the Nowder 30 entry to record the factory labor costs B. Journale a secondarity on November 30 to pay tactory overed to production for Akswaber, *Refer to the Chart of Accounts provided for the correct wording of account illon My Home signment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Ce eBook Show Me How Entries for direct labor and factory overhead Instructions Chart of Accounts Journal Instructions Chart of Accounts CHART OF ACCOUNTS Townsend Industries Inc. General Ledger ASSETS 110 Cash REVENUE 410 Sales 121 Accounts Receivable 510 Interest Revenge 125 Notes Receivable 126 Interest Receivable 131 Materials 132 Work in Process 133 Factory Overhead 134 Finished Goods 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 161 Land EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Us Expense 534 Office Supplies Expense 540 Administrative Expenses 580 Depreciation Expense Factory My Work All work saved Em instructor Chart of Accounts 181 Land 191 Factory 192 Accumulated Depreciation-Factory 560 Depreciation Expense-Factory 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary ark