Business
Business, 06.04.2021 01:00, marknjenbennetp3j1v1

Recording Factory Labor Costs The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Hours Job 560A Job 560B Job 560C Process Improvement Eva Leavitt 15 15 6 4 Micah Stone 10 15 13 2 Travis Hendrix 12 14 10 4 The direct labor rate earned by the three employees is as follows: Leavitt $31 Stone 28 Hendrix 20 The process improvement category includes training, quality improvement, housekeeping, and other indirect tasks. a. Determine the amounts of factory labor costs transferred to Work in Process and Factory Overhead for the week. Factory labor costs transferred to Work in Process $fill in the blank 1 Factory labor costs transferred to Factory Overhead $fill in the blank 2 b. Assume that Jobs 560A and 560B were completed but not sold during the week and that Job 560C remained incomplete at the end of the week. How would the direct labor costs for all three jobs be reflected on the financial statements at the end

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Recording Factory Labor Costs The weekly time tickets indicate the following distribution of labor h...

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