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20 March, 08:36

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

Job 11-101 $3,880

Job 11-102 2,630

Job 11-103 2,080

Job 11-104 3,190

Job 11-105 2,080

Factory supervision 1,800 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $22 per direct labor hour. The direct labor rate is $18 per hour.

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

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  1. 20 March, 10:15
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    Job 11-101=$3,880

    Job 11-102 = $2,630

    Job 11-103 = $2,080

    Job 11-104 = $3,190

    Job 11-105 = $2,080

    Total 13,860

    Direct labor rate = $18

    Predetermined overhead rate = $22

    Direct labor hour = 13,860/18 = 770 hours

    Applied factory overhead rate = 770 * 22 = $16,940

    Factory labor cost

    Dr Cr

    Work in progress 13,860

    Factory Overhead 18,000

    Wages payable 31,860

    Factory Overhead

    Work in progress 16,940

    Factory overhead 16,940
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