Jack and Jill were living together. Jack wanted to start a small retail store, but did not have good credit.

13. Leo is a production worker at The Departed, Inc. During the past week, he worked a total of 43 hours including 5 hours of idle time. His hourly wage rate is $8, and the overtime premium is 50% of his regular hourly wage. The company uses a job order costing system. The journal entry to record the direct labor cost for the company is: A) Work-In-Process B) C) Work-In-Process D) 344 Payroll Payable Factory Overhead Control Payroll Payable 344 344 344 320 Payroll Payable 320 Factory Overhead Control 320 Payroll Payable 320 The journal entry to record the factory overhead cost for the company is: A) Work-In-Process B) Factory Overhead Control C) Work-In-Process D) Factory Overhead Control Factory Overhead Applied Payroll Payable Factory Overhead Applied Payroll Payable 72 72 96 96 72 72 96 96 14. The information below was obtained from the records of the first processing department of Moore Company for the month of May. The company uses the process costing system. Labor and Overhead Units Percentage Complete 40% Work in process, May ...10,000 64,000 out60,000 Work in process, May 3.!. 14,000 Units started 70% All materials are added at the beginning of the process. If the company uses the weighted-average method in its process costing system, the equivalent units for materials for the month of May were: A) 60,000 units B) 74,000 units C) 64,000 units D) 69,800 units