EX 17.7 Entry for factory labor costs OR. 2 The weekly time tickets indicate the following distribution of labor hours for three direct labor employees Hours Process Job 301 Job 302 Job 303 Improvement Tom Couro 10 15 13 2 David Clancy 12 12 14 2 Jose Cano 11 13 15 The direct labor rate earned per hour by the three employees is as follows Tom Couro $32 Duvid Clancy 36 Jose Cano 28 The process Improvement category includes training, quality improvement, and other Indirect tasks a. Journalize 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 Job 305 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 week? SHOW 4100 EX 17.8 Entries for direct labor and factory overhead OR Dash Industries Inc, manufactures recreational vehicles Dash uses a job order cost system, The time tickets from April jobs are summarized as follows: Job 201 $5.250 Job 202 Job 203 4200 Job 204 5.620 Factory supervision 2,785 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $25 per direct labor hour. The direct labor rate is $50 per hour. a. Journalize the entry to record the factory labor costs b. Journalue the entry to apply factory overhead to production for April