Question
The gross earnings of the factory workers for Larkin Company during the month of January are $74,000. The employers payroll taxes for the factory payroll
The gross earnings of the factory workers for Larkin Company during the month of January are $74,000. The employers payroll taxes for the factory payroll are $8,500. The fringe benefits to be paid by the employer on this payroll are $5,400. Of the total accumulated cost of factory labor, 85% is related to direct labor and 15% 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) | enter an account title to record the factory labor costs for the month of January | enter a debit amount | enter a credit amount |
enter an account title to record the factory labor costs for the month of January | enter a debit amount | enter a credit amount | |
enter an account title to record the factory labor costs for the month of January | enter a debit amount | enter a credit amount | |
enter an account title to record the factory labor costs for the month of January | enter a debit amount | enter a credit amount | |
(b) | enter an account title to assign factory labor to production | enter a debit amount | enter a credit amount |
enter an account title to assign factory labor to production | enter a debit amount | enter a credit amount | |
enter an account title to assign factory labor to production | enter a debit amount | enter a credit amount |
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