Entries for Direct Labor and Factory Overhead Kraus Industries Inc. manufactures recreational vehicles. Kraus uses a job order cost system. The time tickets from July jobs are summarized below. job 501 $4,200 job 502 $3,200 job 503 $2,870 job 504 $3,650 Factory supervision $2,450 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $12 per direct labor hour. The direct labor rate is $30 per hour. Journalize the entry to record the factory labor costs & apply factory overhead to production for July