133. A company that uses a job order cost accounting system incurred $10,000 of factory payroll during May. Present the May 31 entry assuming $8,000 is direct labor and $2,000 is indirect labor.
134. Time tickets for factory employees during the month of August are summarized as follows:
Job 919
$ 9,800
Job 920
14,650
Job 921
12,250
Job 922
16,000
Total direct labor
$52,700
Indirect labor
16,800
Total labor cost
$69,500
Prepare the necessary journal entries to record factory payroll.
135. A company's predetermined overhead allocation rate is 130% based on direct labor cost. How much overhead would be allocated to Job No. 105 if it required total direct labor costs of $60,000?
136. Selected information from the budget of the Khalid Corp. at the beginning of the year follows:
Estimated factory overhead
$132,000
Estimated direct labor hours
55,000
hours
Estimated machine hours
41,250
Estimated direct labor cost
$825,000
Actual factory overhead
incurred during the year
$144,000
Calculate the predetermined overhead allocation rate if the company uses the following as a basis:
(A. Direct labor hours.(B. Direct labor cost.(C. Machine hours.
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