1 a summary of the time tickets for august, Ask an Expert

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1. A summary of the time tickets for August follows:

Description Amount Description Amount

Job No. 321 $11,000 Job No. 342 $8,300

Job No. 329 8,200 Job No. 346 5,700

Job No. 336 2,000 Indirect labor 5,000

Present the journal entries to record (a) the labor cost incurred and (b) the application of factory overhead to production for August. The factory overhead rate is 70% of direct labor cost.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797835

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