A summary of the time tickets for August follows:
Description
Amount
Description
Amount
Job No. 321
$12,000
Job No. 342
$6,300
Job No. 329
7,200
Job No. 346
4,700
Job No. 336
3,000
Indirect labor
6,000
Present the journal entries to record (a) the labor cost incurred and (b) the application of factory overhead to production for August. The factory overhead rate is 80% of direct labor cost.