Ex 16-7 entry for factory labor costs obj . 2 the weekly time tickets indicate the following distribution of labor hours for three direct labor employees: hours job 301 job 302 job 303 process improvement tom couro 10 15 13 2 david clancy 12 12 14 2 jose cano 11 13 15 1 the direct labor rate earned per hour by the three employees is as follows: tom couro $32 david clancy 36 jose cano 28 the process improvement category includes training, quality improvement, and other indirect tasks. a. journalize the entry to record the factory labor costs for the week. b. assume that jobs 301 and 302 were completed but not sold during th

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With only a part-time job and the need for a professional wardrobe, rachel quickly maxed out her credit card the summer after graduation. with her first full-time paycheck in august, she vowed to pay $270 each month toward paying down her $8 comma 368 outstanding balance and not to use the card. the card has an annual interest rate of 18 percent. how long will it take rachel to pay for her wardrobe? should she shop for a new card? why or why not?

Yolo windows, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars): information on january 1 (beginning): direct materials inventory $ 89 work-in-process inventory 111 finished goods inventory 1,620 information for the year: administrative costs $ 3,610 direct labor 12,900 direct materials purchases 8,210 factory and machine depreciation 11,720 factory supervision 774 factory utilities 940 indirect factory labor 2,880 indirect materials and supplies 688 marketing costs 1,480 property taxes on factory 282 sales revenue 45,800 information on december 31 (ending): direct materials inventory $ 94 work-in-process inventory 138 finished goods inventory 1,430 required: prepare an income statement with a supporting cost of goods sold statement. (enter your answers in thousands of dollars (i.e., 234,000 should be entered as