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Problem - 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
A. Calculate the amount of direct labor cost assigned to each job.
B. Summarize the labor time tickets and prepare a journal entry to record direct labor for the month.
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