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Determine the total factory labor costs transferred to Work

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Reference no: EM132708213

Problem - Recording Direct Labor and Factory Overhead

Chamlee Industries Inc. manufactures recreational vehicles. Chamlee Industries uses a job order cost system. The time tickets from May jobs are summarized below.

Job 5-100 - $6,400

Job 5-101 - 3,900

Job 5-102 - 4,800

Job 5-103 - 1,750

Factory supervision - 1,750

Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $30 per direct labor hour. The direct labor rate is $25 per hour.

Required -

a. Determine the total factory labor costs transferred to Work in Process and Factory Overhead for May.

b. Determine the amount of factory overhead applied to production for May.

c. Illustrate the effects of the factory overhead applied in (b) on the accounts and financial statements.

Reference no: EM132708213

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