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3. Labor was incurred as follows. All labor costs are recorded as Payroll Payable initially, and the liability is reduced when the cash payment
3. Labor was incurred as follows. All labor costs are recorded as Payroll Payable initially, and the liability is reduced when the cash payment is made. Hours Dollars Job No. 584 Job No. 585 50 $700 300 4,200 Job No. 586 480 6,240 Job No. 587 360 4,500 Job No. 588 40 600 Indirect labor 5,900 Marketing and administrative labor 48,000
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