Fairfield Company's payroll costs for the most recent month are summarized here: 1. & 2. Prepare the journal entries for payroll and to apply manufacturing overhead to production. The company applies manufacturing overhead to products at a predetermined rate of $56 per direct labor hour. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1. Record Fairfield Company's payroll costs to be paid at a later date. 2 Record the application of manufacturing overhead based on $56 per direct labor hour predetermined rate to production