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Managerial accounting. Thank you! Fairfield Company's payroll costs for the most recent month are summarized here: Total Cost Description 750 hours $30 per hour Hourly

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Fairfield Company's payroll costs for the most recent month are summarized here: Total Cost Description 750 hours $30 per hour Hourly labor wages 200 hours for Job 101 6,000 300 hours for Job 102 9,000 250 hours for Job 103 7.500 22,500 4,000 Factory supervision 8,000 Production engineer 2,500 Factory janitorial work 9,000 Selling, general, and administrative salaries 46,000 Total payroll costs 1., & 2. Prepare the journal entries for payroll and manufacturing overhead. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) transaction list view tran Journal E 1. Record Fairfield Company's payroll costs to be paid at a later date. 2. Record the application of manufacturing overhead based Recor on $50 per direct labor hour predetermined rate to labor production ransact

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