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The gross earnings of factory workers for Blossom Company during the month of January are $320,000. The employer's payroll taxes for the factory payroll
The gross earnings of factory workers for Blossom Company during the month of January are $320,000. The employer's payroll taxes for the factory payroll are $64,000. Of the total accumulated cost of factory labor, 75% is related to direct labor and 25% is attributable to indirect labor. (a) Your answer has been saved. See score details after the due date. Prepare the entry to record the factory labor costs for the month of January. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) (b) (c) Account Titles and Explanation Factory Labor Payroll Liabilities Your answer has been saved. See score details after the due date. Debit 384000 Credit 384000 Attempts: 1 of 1 used Prepare the entry to assign factory labor to production. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Account Titles and Explanation Work in Process Inventory Manufacturing Overhead Factory Labor Debit 288000 96000 Credit 384000 Attempts: 1 of 1 used Prepare the entry to assign manufacturing overhead to production, assuming the predetermined overhead rate is 125% of direct labor cost. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit Save for Later Attempts: 0 of 1 used Submit Answer
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