Brief Exercise 2-6 Marquis Company estimates that annual manufacturing overhead costs will be $900,000. Estimated annual operating activity bases are direct labor cost $500.000, direct labor hours 50,000, and machine hours 100,000 Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g. 10.509 or 10.50.) Exercise 2-1 (Video) The gross earnings of the factory workers for Larkin Company during the month of January are $76,000. The employer's payroll taxes for the factory payroll are 10,000 The fringe benefits to be paid by the employer on this payroll are $6,000 of the total accumulated cost of factory labor, 35% is related to direct labor and 15% attributable to indirect labor Prepare the antry to record the factory labor costs for the month of January (b) Prepare the entry to assign factory labor to production. (Credit account titles are automatically indented when amount is entered. Do not Indent manually.) No. Account Tities and Explanation Debit Credit (a) b) Click if you would like to Show Work for this question: Open Show Work