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need help plz with these 5 questions for accounting Entry for Factory Labor Costs A summary of the time tickets is as follows: Journalize the
need help plz with these 5 questions for accounting
Entry for Factory Labor Costs A summary of the time tickets is as follows: Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank. Entry for Issuing Materials Materials issued are as follows: Journalize the entry to record the issuance of materials. If an amount box does not require an entry, leave it blank. Entries for Direct Labor and Factory Overhead Schumacher Industries Inc. manufactures recreational vehicles. Schumacher Industries uses a job order cost system. The time tickets from June jobs are summarized as follows: Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $22 per direct labor hour. The direct labor rate is $15 per hour. a. Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank. Feedback r Check My Work a. Increase the work in process for the direct labor and factory overhead for the indirect labor. b. Journalize the entry to apply factory overhead to production for June. If an amount box does not require an entry, leave it blank. Entry for Factory Labor Costs The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: The direct labor rate earned per hour by the three employees is as follows: 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. Kingsford Furnishings Company manufactures designer furniture, Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger are as follows: The materials purchased during April on account are summarized from the receiving reports as follows: Materials were requisitioned to individual jobs as follows: 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 materiais in April. If an amount box does not require an entry, leave it blank. Feedback rolean won a. Increase materials inventory and a liability for the total of purchases. b. Journalize the entry to record the requisition of materials in April. If an amount box does not require an entry, leave it blank. Fendback b. Increase the work in process for direct materials for the Jobs and factory overhead for the indirect materials. c. Determine the April 30 balances that would be shown in the materials ledger accounts Step by Step Solution
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