Fairfield Company's payroll costs for the most recent month are summarized here Total Cost It Description Hourly labor wages 910 hours 530 per hour 150 hours for Job 101 310 hours for Job 102 - 420 hours for Job 103 - Factory supervision Production engineer Factory janitorial work Selling, general, and administrative salaries Total payroll costs 55,400 9,300 12,600 $27,300 4,450 3,000 1,500 3,600 549,850 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 $60 per direct labor hour (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet