Determine the total factory labor costs transferred to work, Accounting Basics

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Determine the total factory labor costs transferred to work

Matt Industries manufactures toys. Matt uses a job order cost system. The time tickets from September jobs are summarized below.

Job 100 $3,500
Job 101 1,800
Job 102 1,200
Job 103 2,800
Factory supervision 1,700

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 $30 per hour.

a. Determine the total factory labor costs transferred to Work in Process and Factory Overhead for September.
b. Determine the amount of factory overhead applied to production for September.

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Accounting Basics: Determine the total factory labor costs transferred to work

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Accounting Basics: Determine the total factory labor costs transferred to work

Reference No:- TGS091149

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Recent Questions Asked Accounting Basics

Q : What is her gross income for tax purposes

Q : Problem based in purchasing power parity

Q : Determine appropriate response ratios

Q : What is the annual inventory turnover

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Q : What is hay company''s ending inventory

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Accounting Basics: Determine the total factory labor costs transferred to work

Reference No:- TGS091149

Recent Questions Asked Accounting Basics

Q : What is her gross income for tax purposes

Q : Problem based in purchasing power parity

Q : Determine appropriate response ratios

Q : What is the annual inventory turnover

Q : Determine the total factory labor costs transferred to work

Q : What is hay company''s ending inventory

Q : Explain redesign also have an effect on quality

Q : Total annual dividend income

Q : What is the estimated reliability of the sensor

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