Labor time record, direct vs. indirect labor
Terri Whelan, SS# 036-47-2189, is a Grade 1 Machinist who earns $20 per hour. On Monday June 12 through Wednesday June 14, she worked four hours per day on each of Jobs 007 and 2525. On Thursday and Friday of the week, she worked six hours per day on Job 2525 and two hours per day on maintenance. Her supervisor is Tom Culver, who signs off on all labor time records on Saturday of the week just ended.
1. Prepare a labor time record (LTR 999) for Whelan for the week ended June 17, 2011.
2. Compute the amounts of direct labor costs, by job, and indirect labor costs created by Terri’s work for the week.