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Schumacher Industies Inc. manufactures recreational vehicles. Schumacher Industies uses a job cost order system. The time tickets from June jobs are summarized as follows: Job
Schumacher Industies Inc. manufactures recreational vehicles. Schumacher Industies uses a job cost order system. The time tickets from June jobs are summarized as follows:
- Job 11-101: $4,170
- Job 11-102: 2,830
- Job 11-103: 2,230
- Job 11-104: 3,420
- Job 11-105: 2,230
- Factory Supervision: 1,930
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 $16 per hour.
PART A)
PART B)
a. Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead Wages Payable b. Journalize the entry to apply factory overhead to production for June. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead
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