Recording Direct Labor and Factory Overhead Chamlee Industries Inc. manufactures recreational vehicles. Chamlee Industries uses a...

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Recording Direct Labor and Factory Overhead Chamlee Industries Inc. manufactures recreational vehicles. Chamlee Industries uses a job order cost system. The time tickets from May jobs are summarized below. Job 5-100 Job 5-101 $11,520 7,020 Job 5-102 Job 5-103 Factory supervision 8,640 5,220 3,150 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $30 per direct labor hour. The direct labor rate is $25 per hour. a. Determine the total factory labor costs transferred to Work in Process and Factory Overhead for May. If required, round your answers to nearest dollar. Factory labor costs transferred to Work in Process Factory labor costs transferred to Factory Overhead b. Determine the amount of factory overhead applied to production for May. If required, round your interim calculation and final answer to nearest dollar. c. Illustrate the effects of the factory overhead applied in (b) on the accounts and financial statements. If no account or activity is affected, select "No effect" from the drop-down list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Statement of Cash Flows Assets + Balance Sheet Stockholders' Liabilities + Equity Income Statement Recording Direct Labor and Factory Overhead Chamlee Industries Inc. manufactures recreational vehicles. Chamlee Industries uses a job order cost system. The time tickets from May jobs are summarized below. Job 5-100 Job 5-101 $11,520 7,020 Job 5-102 Job 5-103 Factory supervision 8,640 5,220 3,150 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $30 per direct labor hour. The direct labor rate is $25 per hour. a. Determine the total factory labor costs transferred to Work in Process and Factory Overhead for May. If required, round your answers to nearest dollar. Factory labor costs transferred to Work in Process Factory labor costs transferred to Factory Overhead b. Determine the amount of factory overhead applied to production for May. If required, round your interim calculation and final answer to nearest dollar. c. Illustrate the effects of the factory overhead applied in (b) on the accounts and financial statements. If no account or activity is affected, select "No effect" from the drop-down list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Statement of Cash Flows Assets + Balance Sheet Stockholders' Liabilities + Equity Income Statement