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.