AutoSave OD 2 ExcelTemplateAssignment_Ch02 (1) . Protected View Excel Search File Home Insert Page Layout Formulas Data Review View Help DYMO Label QuickBooks O PROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing 110 x fc AA BC DE G 1 E2-1 Prepare entries for factory labor 2 The gross earnings of the factory workers for Larkin Company during the month of January are $76,000 3 The employer's payroll taxes for the factory payroll are $8,000. The fringe benefits to be paid by the employer 4 on this payroll are $6,000. Of the total accumulated cost of factory labor, 85% is related to direct labor and 5 15% is attributable to indirect labor. 6 7 Instructions 8 (a) Prepare the entry to record the factory labor costs for the month of January 9 (6) Prepare the entry to assign the factory labor to production. 10 NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". 12 13(a) Prepare the entry to record the factory labor costs for the month of January Value Account Account Account Account Value Value Value 21(b) Prepare the entry to assign the factory labor to production Account Account Account Value 29 After you have completed E2-1, consider the following additional question. 30 1. Assume that factory wages changed and employer's payroll taxes changed to $78,000 and $9,360 respectively. 31 Also assume that 80% of total labor costs is related to direct labor. Revise the journal entries to reflect these E2-1 E2.5 E2-9 | P23A P2-5A CD2 AutoSave On R ) Excel TemplateAssignment Cho2 (1) . Protected View Excel Search File Home Insert Page Layout Formulas Data Review View Help DYMO Label QuickBooks O PROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing 110 . v fi C D E F G H J K L M 4 on this payroll are $6,000. Of the total accumulated cost of factory labor, 85% is related to direct labor and 5 15% is attributable to indirect labor. 7 Instructions 8 (a) Prepare the entry to record the factory labor costs for the month of January 9 (6) Prepare the entry to assign the factory labor to production 10 NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". 13(a) Prepare the entry to record the factory labor costs for the month of January Value Account Account Account Account Value Value Value 21(6) Prepare the entry to assign the factory labor to production. Account Account Account Value 29 After you have completed E2-1, consider the following additional question. 30 1. Assume that factory Wages changed and employer's payroll taxes changed to $78,000 and $9,360 respectively. Also assume that 80% of total labor costs is related to direct labor. Revise the journal entries to reflect these 32 changes. E2-1 2-5 | 129 | P2-3A | P2.5A CD2 - Type here to search N e w
