QS 15-5 Labor journal entries p2 During the current month, a company that uses job order costing incurred a monthly factory payroll of $180,000. Of this amount, $40,000 is classified as indirect labor and the remainder as direct. Prepare journal entries to record these transactions. QS 15-6 Factory overhead rates @p3 A company estimates the following manufacturing costs for the next period: direct labor, $468,000; direct materials, $390,000; and factory overhead, $17,000. Compute its predetermined overhead rate as a percent of (1) direct labor and (2) direct materials, Express your answers as percents, rounded to the nearest whole number