Question
Entry for Factory Labor Costs The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Hours Job 301 Job
Entry for Factory Labor Costs
The weekly time tickets indicate the following distribution of labor hours for three direct labor employees:
Hours | ||||||||
Job 301 | Job 302 | Job 303 | Process Improvement | |||||
Tom Couro | 17 | 8 | 6 | 2 | ||||
David Clancy | 13 | 15 | 14 | 2 | ||||
Jose Cano | 12 | 14 | 11 | 3 |
The direct labor rate earned per hour by the three employees is as follows:
Tom Couro | $20 |
David Clancy | 22 |
Jose Cano | 18 |
The process improvement category includes training, quality improvement, and other indirect tasks.
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a. Journalize the entry to record the factory labor costs for the week. If an amount box does not require an entry, leave it blank.
blank | Accounts PayableAccounts ReceivableCashFinished GoodsWages PayableWork in ProcessWork in Process | Work in Process | Work in Process |
Accounts PayableAccounts ReceivableCashFactory OverheadFinished GoodsWages PayableFactory Overhead | Factory Overhead | Factory Overhead | |
Accounts PayableAccounts ReceivableFactory OverheadFinished GoodsWages PayableWork in ProcessWages Payable | Wages Payable | Wages Payable |
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