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Question 6 0.67/1 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct. The gross earnings of the factory workers
Question 6 0.67/1 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct. The gross earnings of the factory workers for Larkin Company during the month of January are $71,000. The employer's payroll taxes for the factory payroll are $7,500. The fringe benehts to be paid by the employer on this payroll are $4,100. Of the total accumulated cost of factory labor, 80% is related to direct labor and 20% is attributable to indirect labor. (a) Prepare the entry to record the factory labor costs for the month of January (b) Prepare the entry to assign factory labor to production. (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit (a) Factory Labor 56800 Factory Wages Payable 7500 Employer Payroll Taxes Payable 4100 Employer Fringe Benefits Payable (b) Work in Process Inventory 71000 Manufacturing Overhead 14200 Factory Labor 85200
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