How are direct labor costs calculated?

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 Conn: 20 ID 7 2 David Clancy 8 14 11 3 Jose Cane 14 13 8 3 The direct labor rate earned per hour by the three employees is as follows: Tom Coum $18 David Clancy 25 Jose Conn 21 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 If an amount box does not require an entry, leave it blank. V V V 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 cost: for all three jobs be reflected on the nancial statements at the end of the week? The direct labor costs for the completed jobs would become part of the V . The direct labor costs for Job 303 would be remain part of the V