Question
VOC Industries Inc. manufactures recreational vehicles. VOC uses a job order cost system. The time tickets from May jobs are summarized below. Factory overhead is
VOC Industries Inc. manufactures recreational vehicles. VOC uses a job order cost system. The time tickets from May jobs are summarized below.
Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $20 per direct labor hour. The direct labor rate is $40 per hour.
a. Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.
b. Journalize the entry to apply factory overhead to production for May.
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Hong Kong Auditing Economic Theory And Practice
Authors: Ferdinand A Gul
2nd Edition
9629371413, 978-9629371418
