1. Which of these products is likely to involve job order production? (a) inexpensive watches,…

1. Which of these products is likely to involve job order production? (a) inexpensive watches, (b) racing bikes, (c) bottled soft drinks, or (d) athletic socks.

2. During the current month, a company that uses a job order cost accounting system incurred a monthly factory payroll of $120,000, paid in cash. Of this amount, $30,000 is classified as indirect labor and the remainder as direct for the production of Job 65A. Factory overhead is applied at 150% of direct labor. Prepare the entry to apply factory overhead to this job lot.

 

 

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