Exercise - Recording Labor Cost in Job-Order Costing
Johnson Products had the following labor time tickets for the month of February.
|
Ticket#
|
Employee#
|
Pay Rate
|
Hours Worked
|
Job#
|
|
2101
|
011
|
$10.00
|
110
|
201
|
|
2102
|
008
|
21.00
|
90
|
201
|
|
2103
|
011
|
12.00
|
40
|
201
|
|
2104
|
008
|
20.00
|
50
|
202
|
|
2105
|
008
|
18.00
|
70
|
203
|
Required - Summarize the labor time tickets and prepare a journal entry to record direct labor for the month.