Moura Industries Inc. manufactures recreational vehicles. Moura uses a job order cost system. The time tickets from August jobs are summarized below.
Job 410 $3,400
Job 411 1,700
Job 412 1,400
Job 413 2,500
Factory supervision 1,900
Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $25 per direct labor hour. The direct labor rate is $15 per hour.
a. Journalize the entry to record the factory labor costs.
b. Journalize the entry to apply factory overhead to production for August.
Click here for the solution: Moura Industries Inc. manufactures recreational vehicles
