Question
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
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 | $10,880 |
| Job 5-101 | 6,630 |
| Job 5-102 | 8,160 |
| Job 5-103 | 4,930 |
| Factory supervision | 2,975 |
Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $35 per direct labor hour. The direct labor rate is $30 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 answer to nearest dollar. $
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Management Foundations A Pacific Rim Focus
Authors: Kathryn Bartol, Margaret Tein, Graham Matthews, Bishnu Sharma, Brenda Scott Ladd
3rd Edition
978-0070284944, 0070284946
