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Help, and it would really help me if you could explain what you plugged in to get the answers. Thanks Fairfield Company's payroll costs for
Help, and it would really help me if you could explain what you plugged in to get the answers. Thanks
Fairfield Company's payroll costs for the most recent month are summarized here: Total Cost Item Description Hourly labor wages 770 hours $29 per hour 240 hours for Job 101 - 310 hours for Job 102 - 220 hours for Job 103 = Factory supervision Production engineer Factory janitorial work Selling, general, and administrative salaries Total payroll costs $6,960 B,990 6,380 $22,330 4,750 6,300 1,800 8,500 $43,680 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 $58 per direct labor hour. (lf no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet A > Record Fairfield Company's payroll costs to be paid at a later date. 310 hours for Job 102 = 220 hours for Job 103 = Factory supervision Production engineer Pactory janitorial work Selling, general, and administrative salaries Total payroll costs 8,990 6,390 $22,330 4,750 6,300 1,800 8,500 $43,680 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 $58 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 worksheetStep by Step Solution
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