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The gross earnings of the factory workers for Vargas Company during the month of January are $69,400. The employer?s payroll taxes for the factory payroll
The gross earnings of the factory workers for Vargas Company during the month of January are $69,400. The employer?s payroll taxes for the factory payroll are $8,800. The fringe benefits to be paid by the employer on this payroll are $6,300. Of the total accumulated cost of factory labor,80% is related to direct labor and20% 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. |
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