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please help me with the last two questions eBook Entry for Factory Labor Costs The weekly time tickets Indicate the following distribution of labor hours
please help me with the last two questions
eBook Entry for Factory Labor Costs The weekly time tickets Indicate the following distribution of labor hours for three direct labor employees: Hours Job 301 Job 302 Job 303 Process Improvement 23 14 7 2 Tom Couro David Clancy 13 14 12 N 2 UN Jose Cano 13 17 11 5 The direct labor rate earned per hour by the three employees is as follows: 19 22 Tom Couro $24 David Clancy Jose Cano The process Improvement category includes training, quality improvement, and other indirect tasks a. Joumalize the entry to record the factory labor costs for the week. If an amount box does not require an entry leave it blank Work in Process Factory Overhead Wages Payable Feedback 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 woul costs for all three Jobs be reflected on the financial statements at the end of the week? The direct labor costs for the completed Jobs would become part of the finished goods inventory The direct labor costs for Job 303 would Entries for Factory Costs and Jobs Completed Collegiate Publishing Inc. began printing operations on March 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, 51,710 of Indirect materials and $20,710 of Indirect labor were used during the month The cost sheets for the four Jobs entering production during the month are as follows, In summary form: Job 301 Job 302 Direct materials $17.710 Direct materials Direct labor 6,800 Direct labor 3,500 Factory overhead 3,740 Factory overhead 1,925 Total $28,250 Total $13,705 $8,280 Job 303 Job 304 Direct materials $23,560 Direct materials $5,100 Direct labor 7,500 Direct labor 1,000 Factory overhead Factory overhead Journalize the summary entry to record each of the following operations for March (one entry for each operation) a. Direct and Indirect materials used. I an amount box does not require an entry, leave it blank Work in Process Factory Overhead Materials Directed indirected mount box dont not. n.ohlank Check My Work Previous a. Direct and indirect materials used. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead Materials Feedback b. Direct and Indirect labor used. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead Wages Payable Feed C. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost). If an amount box does not require an entry, leave it blank Work in Process Factory Overhead 88 d. Completion of Jobs 301 and 302. If an amount box does not require an entry leave it blank Finished Goods Work in Process Feedback Step by Step Solution
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