Factory overhead is applied to jobs on the basis of

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Reference no: EM13614840

Chasse Homes Inc. manufactures mobile homes. Chasse uses ajob order cost system. The time tickets from October jobs aresummarized below.

Job502 2,352

Job503 1,440

Job504 960

Job505 1,320

Factorysupervision 2,760

Factory overhead is applied to jobs on the basis of apredetermined overhead rate of $20 per direct labor hour. Thedirect labor rate is $12 per hour.

Determine the total factory labor costs transferred toWork in Process and Factory Overhead for October
Determine the amount of factory overhead applied to production for October.
Illustrate the effects of the factory overhead appliedin (b) on the accounts and financial statements.

Reference no: EM13614840

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