(Question and Answer): Entries for Direct Labor and Factory Overhead Townsend industries Inc. manufactures recreational vehicles. Townsend uses a job order

eBook Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehides. Townsend uses a job order cost systerm. The time tikets from November jobs are summarized as follows: Job 11-101 Job 11-102 Job 11-103 Job 11-104 Factory supervision Show Me How Calcdator Print Itam $6,240 9,000 7,210 6,750 4,000 on the basis of a predetermined overhead rate of $18 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. Feedhack a Increase the work in process for the drect labor and factory overhead for the indrect labor b. Journalize the entry to apply factory overhead to production for November work in Process Factory Overhead Feedbach r Check My Work b Use total drect labor coot and the drect labor rate to fnd drect labor hours. Apply the predetermined overhead ane to the direct lator hours Feedoac My Work All work saved.

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: Factory overhead applied to jobs on the basic of a predetermined overhead rate of $18 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 an entry, leave it blank. Journalize the entry to apply factory overhead to production for November.

Expert Answer

 

Answer a
Journal Entry to record factor Labor costs for November
Account Titles Debit Credit
Work in process – Job 11-101 $6,240
Work in process – Job 11-102 $9,000
Work in process – Job 11-103 $7,210
Work in process – Job 11-104 $6,750
Factory Overheads $4,000
Wages Payable $33,200
Answer b
Calculation of total labour hours (Labour cost / Labour rate per hour)
Labour Cost Labour rate Labour Hours
Work in process – Job 11-101 $6,240 $40 156
Work in process – Job 11-102 $9,000 $40 225
Work in process – Job 11-103 $7,210 $40 180.25
Work in process – Job 11-104 $6,750 $40 168.75
Calculation of application of factory overheads to jobs (Labour hours * overhead application rate)
Labour Hours Overhead application rate Overhead applied
Work in process – Job 11-101 156 $18 $2,808
Work in process – Job 11-102 225 $18 $4,050
Work in process – Job 11-103 180.25 $18 $3,245
Work in process – Job 11-104 168.75 $18 $3,038
Journal Entry to apply factory overheads to production for November
Account Titles Debit Credit
Work in process – Job 11-101 $2,808
Work in process – Job 11-102 $4,050
Work in process – Job 11-103 $3,245
Work in process – Job 11-104 $3,038
Factory Overheads $13,140

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