Following is information on two alternative investments. Beachside Resort is considering building a new pool or spa. The company

requires a $10\%$ return from its investments.

Compute the internal rate of return for each of the projects using excel functions. $($Round your answers to $2$ decimal places.$)$A company that uses job order costing incurred a monthly factory payroll of $$217,000.$ Of this amount, $$48,000$ is indirect labor and $$169,000$ is direct labor.

Prepare journal entries to record the $($a$)$ use of direct labor and $($b$)$ use of indirect labor.