During January, time tickets show that the factory labor of $7,000 was used as follows: Job 1 $2,300, Job 2 $1,780, Job 3 $1,570, and general factory use $1,350. Prepare a summary journal entry to record factory labor used.
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Given the mixed cost formula, Y = $16,000 + $3.40X, total cost for an activity level of 4,000 units would be: (A) $16,000 (B) $13,600 (C) $3,600 (D) $29,600
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