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The weekly time records indicate the following distribution of labor hours for three direct labor employees:The direct labor rate earned per hour by the three
The weekly time records indicate the following distribution of labor hours for three direct labor employees:The direct labor rate earned per hour by the three employees is as follows:
Leavitt $
Stone
Hendrix
The process improvement category includes training, quality improvement, housekeeping, and other indirect tasks.
a Determine the amounts of factory labor costs transferred to Work in Process and Factory Overhead for the week.
Factory labor costs transferred to Work in Process
Factory labor costs transferred to Factory Overhead
for all three jobs be reflected on the financial statements at the end of the week?
Direct Labor Costs
Job A
Job B
Job
Line Item Description Hours
Job A Hours
Job B Hours
Job C Hours
Process
Improvement
Eva Leavitt
Micah Stone
Travis Hendrix
The direct labor rate earned per hour by the three employees is as follows:
Line Item Description Amount
Leavitt $
Stone
Hendrix
The process improvement category includes training, quality improvement, housekeeping, and other indirect tasks.
a Determine the amounts of factory labor costs transferred to Work in Process and Factory Overhead for the week.
Line Item Description Amount
Factory labor costs transferred to Work in Process $fill in the blank
Factory labor costs transferred to Factory Overhead $fill in the blank
b Assume that Jobs A and B were completed but not sold during the week and that Job C remained incomplete at the end of the week. How would the direct labor costs for all three jobs be reflected on the financial statements at the end of the week?
Line Item Description Direct Labor Costs
Job A
Job B
Job C
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