Question
Matt, Inc., a toy manufacturing company uses job order cost system. The time tickets from September jobs are summarized below. Job 100 $3,500 Job 101
Matt, Inc., a toy manufacturing company uses job order cost system. The time tickets from September jobs are summarized below.
| Job 100 | $3,500 |
| Job 101 | 1,800 |
| Job 102 | 1,200 |
| Job 103 | 2,800 |
| Factory supervision | 1,700 |
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 $30 per hour.
Determine the total factory labor costs transferred to Work in Process and Factory Overhead for September.
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Financial Accounting Fundamentals
Authors: John Wild
7th Edition
1260247864, 9781260247862
