Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a...

Entries for Direct Labor and Factory Overhead

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	$4,250
Job 202	2,120
Job 203	1,680
Job 204	3,130
Factory supervision	1,450

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 $13 per hour.

If required, round final answers to the nearest dollar.

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 November.

Solutions

Expert Solution

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

I'll rate Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend...

I'll rate Entries for Direct Labor and Factory Overhead 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 $3,610 Job 202 1,800 Job 203 1,420 Job 204 2,660 Factory supervision 1,230 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 $13 per hour. If required, round final answers...

Entries for Direct Labor and Factory Overhead Schumacher Industries Inc. manufactures recreational vehicles. Schumacher Industries uses...

Entries for Direct Labor and Factory Overhead 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 $2,240 Job 11-102 1,520 Job 11-103 1,200 Job 11-104 1,830 Job 11-105 1,200 Factory supervision 1,040 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 $17 per hour. a. Journalize the...

Direct Materials, Direct Labor, and Factory Overhead CostVariance AnalysisMackinaw Inc. processes a base chemical...

Direct Materials, Direct Labor, and Factory Overhead Cost Variance AnalysisMackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 78,000 units of product were as follows:Standard CostsActual CostsDirect materials226,200 lbs. at $5.30223,900 lbs. at $5.10Direct labor19,500 hrs. at $16.6019,950 hrs. at $17.00Factory overheadRates per direct labor hr.,based on 100% of normalcapacity of 20,350 directlabor hrs.:Variable cost, $4.30$83,010 variable costFixed cost, $6.80$138,380 fixed costEach unit...

Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis

Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 74,000 units of product were as follows: Standard CostsActual CostsDirect materials251,600 lbs. at $5.40249,100 lbs. at $5.20Direct labor18,500 hrs. at $17.3018,930 hrs. at $17.70Factory overheadRates per direct labor hr.,based on 100% of normalcapacity of 19,310 directlabor hrs.:Variable cost, $4.80$87,910 variable costFixed cost, $7.60$146,756 fixed costEach unit...

The Jack and Sal Company uses direct labor hours for estimating factory overhead rate. An estimated...

The Jack and Sal Company uses direct labor hours for estimating factory overhead rate. An estimated factory overhead is $500,000 for the year. An estimated direct labor cost for the year is $100,000, and estimated direct labor hours for the year is 200,000 hours. The following additional information is provided: Beginning work in process is $300,000; Actual Direct Labor cost is $150,000; Actual Cost of Direct Materials used is $200,000; actual direct labor hours used 200,000 hours; and the tot...

Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical...

Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 78,000 units of product were as follows: Standard Costs Actual Costs Direct materials 226,200 lbs. at $5.60 223,900 lbs. at $5.50 Direct labor 19,500 hrs. at $18.20 19,950 hrs. at $18.50 Factory overhead Rates per direct labor hr., based on 100% of normal capacity...

Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical...

Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 70,000 units of product were as follows: Standard Costs Actual Costs Direct materials 238,000 lbs. at $5.30 235,600 lbs. at $5.20 Direct labor 17,500 hrs. at $16.40 17,900 hrs. at $16.80 Factory overhead Rates per direct labor hr., based on 100% of normal capacity...

Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical...

Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 74,000 units of product were as follows: Standard Costs Actual Costs Direct materials 192,400 lbs. at $4.70 190,500 lbs. at $4.50 Direct labor 18,500 hrs. at $18.40 18,930 hrs. at $18.80 Factory overhead Rates per direct labor hr., based on 100% of normal capacity...

Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical...

Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 70,000 units of product were as follows: Standard Costs Actual Costs Direct materials 182,000 lbs. at $4.90 180,200 lbs. at $4.80 Direct labor 17,500 hrs. at $17.60 17,900 hrs. at $17.90 Factory overhead Rates per direct labor hr., based on 100% of normal capacity...

Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical...

Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 78,000 units of product were as follows: Standard Costs Actual Costs Direct materials 249,600 lbs. at $5.40 247,100 lbs. at $5.30 Direct labor 19,500 hrs. at $17.20 19,950 hrs. at $17.50 Factory overhead Rates per direct labor hr., based on 100% of normal capacity...

Subjects