Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows: Job 201

Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows:

Job 201 $3,510
Job 202 1,750
Job 203 1,380
Job 204 2,590
Factory supervision 1,200

Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $28 per direct labor hour. The direct labor rate is $13 per hour. If required, round final answers to the nearest dollar.

Question Content Area

a. Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.

blank Accounts PayableCashMaterialsWages PayableWork in Process - Select - - Select -
Accounts PayableAccounts ReceivableCashFactory OverheadWages Payable - Select - - Select -
Accounts PayableFactory OverheadMaterialsWages PayableWork in Process - Select - - Select -

Question Content Area

b. Journalize the entry to apply factory overhead to production for November. If an amount box does not require an entry, leave it blank.

blank Accounts PayableCashFactory OverheadWages PayableWork in Process - Select - - Select -
Accounts ReceivableFactory OverheadMaterialsWages PayableWork in Process - Select - - Select -

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Jan Williams, Mark S. Bettner, Joseph V. Carcello

18th International Edition

1260575586, 978-1260575583

More Books

Students also viewed these Accounting questions