Business, 16.10.2020 14:01 AdanNava699
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 $4,280
Job 202 2,140
Job 203 1,690
Job 204 3,140
Factory supervision 1,460 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 $15 per hour. If required, round final answers to the nearest dollar.
Required:
a. Journalize the entry to record the factory labor costs.
b. Journalize the entry to apply factory overhead to production for November.
Answers: 3
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Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system....
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