Jobs N17, N18 and N19 has just been completed. The following information is avai

Question

Jobs N17, N18 and N19 has just been completed. The following information is available for the week ending May 20, 2008 Ten employees have totally worked 35 hours entirely on Job N17. Their pay rate is $8 per hour. Seven employees have totally worked 35 hours entirely on Job N18. Their pay rate is $7.50 per hours. Eleven employees have totally worked 35 hours entirely on Job N19. Their pay rate is $7.80 per hours. Six employees have worked 36 hours for those three Job. Their pay rate is $6.50 per hours. The salaries for supervisors and maintenance personnel have amounted to $980 for each of the three jobs. Journal entries to record the payroll and to distribute the labor cost to those Jobs

Explanation / Answer

Debit Credit Calculation Work in Progress - N17 280 35*8 Cash 280 Work in Progress - N18 262.5 35*7.5 Cash 262.5 Work in Progress - N19 273 35*7.8 Cash 273 Manufacturing Overhead 1404 6*36*6.5 Cash 1404 Manufacturing Overhead 2940 980*3 Cash 2940 Work in Progress - N17 980 apportioning supervision cost to jobs Work in Progress - N18 980 Work in Progress - N19 980 Manufacturing Overhead 2940 Work in Progress N17 455 Manufacturing Overhead 455 absorption assumed to be 35hours per week per job with two employees. Therefore 70 hours per job per week Work in Progress N18 455 Manufacturing Overhead 455 Work in Progress N19 455 Manufacturing Overhead 455

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