Question 1:

During January, time tickets show that the factory labor of $4,800 was used as follows: Job 1$1,760, Job 2 $1,280, Job 3 $1,120, and general factory use $640. Prepare a summary journal entry to record factory labor used. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 Work in Process Inventory 4,800 Manufacturing Overhead 640 Factory Labor 5,440Current Attempt in Progress Ivanhoe Hollow Resort has ordered 21 rotomolded kayaks from Current Designs. Each kayakwill be formed in the rotomolded oven. cooled, and then have the excess plastic trimmed away. Then. the hatches, seat, ropes, and bungees will be attached to the kayak. Dave Thill, the kayak factory ma nager. knows that manufacturing each kayak requires 50 pounds of polyethylene powder and a nishing kit (rope, seat, hardware, etc.). The polyethylene powder used in these kayaks costs $1.40 per pound, and the nishing kits cost $172 each. Each kayak will use two kinds of labor: 2 hours of moreskilled type | labor from people who run the oven and trim the plastic, and 3 hours of lessskilled type II labor from people who attach the hatches and seat and other hardware. The type | employees are paid $14 per hour, and the type II employees are paid $12 per hour. For purposes of this problem, assume that overhead is applied to alljobs at a rate of 150% of direct labor costs. Determine the total cost of the Ivanhoe Hollow order and the cost of each individual kayak in the order. Identify costs as direct materials, direct labor. or manufacturing overhead. Direct Materials Polyethylene powder $ Finishing kit Determine the total cost of the Ivanhoe Hollow order and the cost of each individual kayak in the order. Identify costs as direct materials, direct labor, or manufacturing overhead. Direct Materials Polyethylene powder $ Finishing kit Direct labor More skilled Less skilled Manufacturing overhead Total cost for one kaya k 33 Finishing kit Direct labor More skilled Less skilled Manufacturing overhead Total cost for one kayak Total cost of the order $