EX17-4. EX17-5. EX17-7. & EX17-8.pdf 5 - EX17-3, EX17-4, EX17-5, EX17-7, & EX17-8.pdf EX17-3. EX17-4, EX17-5, EX17-7, & EX17-8.pdf (399 KB) EX 17-5 Entries for materials OBJ. 2 Eclectic Ergonomics Company manufactures designer furniture. Eclectic Ergonomics uses a job order cost system. Balances on April 1 from the materials ledger are as follows: Fabric $ 67,500 Polyester filling 20.200 Lumber 150,000 Glue 6,550 The materials purchased during April are summarized from the receiving reports as follows: Fabric $338.400 Polyester filling 470,400 Lumber 902.400 Glue 32.400 Glue Materials were requisitioned to individual jobs as follows: Polyester Fabric Filling Lumber Job 81 $127400 $160,800 $401,200 Job 82 145.200 375.000 Job 8 91.200 118,400 210,000 Factory overhead indirect materials Total 5315 ROO $424 400 5986200 Total $689.400 617400 419.600 534,800 $34 800 34 300 $ 1.761 200 Conted LG LIN', EXI)-4, Em17-, EX17-7, & EX1, 5-EX17-3, EX17-4, EX17-5, EX17-7, & EX17-8.pdf (399 KB) $34,800 $315.890 $424400 $986.200 $34,800 $1,761.200 materials Total 34,800 (Continued pter 17 Job Order Costing The glue is not a significant cost, so it is treated as indirect materials (factory overhead a. Journalize the entry to record the purchase of materials in April 1. Journalize the entry to record the requisition of materials in April c. Determine the April 30 balances that would be shown in the material ledger accounts EX 17-6 Entry for factory labor costs A summary of the time tickets for the current month follows GLG - USE MVCONNECT LOGIN Job O OICE #5 % HWK X 3 Book X 3CESE X G Finand X e_item_id=951254 -3, EX17-4, EX17-5, EX17-7, & EX17-8.pdf 16 - EX17-3, EX17-4, EX17-5, EX17-7, & EX17-8.pdf - EX17-3, EX17-4. EX17-5, EX17-7. & EX17-8.pdf (399 KB) Journalize the entry to record the factory labor costs. EX 17.7 Entry for factory labor costs OBU. The weekly time tickets indicate the following distribution of labor hours for three direct Labor employees Process Job 301 Job 302 Job 303 Improvement Tom Couro 10 15 David Clancy 12 12 Jose Cana 11 13 The direct labor rate earned per hour by the three employees is as follows: Tom Couro $32 David Clancy Jose Cano The process Improvement Category includes training, quality improvement, and other indirect tasks 3. 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 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 week? Os EX 17.8 Entries for direct labor and factory overhead 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 6.100 Job 203 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. LG m_id=951254 X17-4, EX17-5. EX17-7, & EX17-8.pdf - EX17-3, EX17-4, EX17-5, EX17-7, & EX17-8.pdf EX17-3, EX17-4, EX17-5, EX17-7, & EX17-8.pdf (399 KB) b. Assume that Jobs 301 and 302 were completed but not sold during the week and that Job 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 weck? EX 17.8 Entries for direct labor and factory overhead O . 2 Dash Industries Inc., manufactures recreational vehicles. Dash uses a job order cost system The time tickets from April jobs are summarived as follows: Job 201 55.250 Job 202 6,100 Job 203 4280 Job 204 5.620 Factory supervision 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. 2. Joumalize the entry to record the factory labor costs b. Journalize the entry to apply factory overhead to production for April 2785 CL LG