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Towsen Inc. manufactures recreational vehicles. Towsen uses a job order cost system. The time tickets from July jobs are summarized below.
Job 410 $5,430
Job 411 $2,710
Job 412 $2,140
Job 413 $4,000
Factory supervision $1,860
Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $26 per direct labor hour. The direct labor rate is $17 per hour which you can use to calculate the hours worked. If required, round final answers to the nearest dollar.
A. Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.
B. Journalize the entry to apply factory overhead to production for July.
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