ex 16-8 entries for direct labor and factory overhead.

uties ning, quality improvement, and other indirect tasks. . Joumalize the entry to record the factory labor costs for the week. B. Assume that Jobs 301 and 302 were completed but not sold during the week and that Jo 303 remained incomplete at the end of the week. How would the direct labor costs for all three jobs be reflected on the financial statements at the end of the wee EX 16-8 Entries for direct labor and factory overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend system. The time Obj. 2 uses a job order cost HOW tickets from November jobs are summarized as follows: Job 11-101 Job 11-102 Job 11-103 Job 11-104 Factory supervision 6,240 9,000 7,210 6,750 4,000 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $18 per direct labor hour. The direct labor rate is $40 per hour. A. Journalize the entry to record the factory labor costs. B. Joumalize the enty perhedx rn Obj. 2 EX 16-9 Factory overhead rates, entries, and account balance