The gross earnings of the factory workers for Larkin Company during the month of January are $73,000. The employer's payroll taxes for the factory payroll are $9,200. The fringe benefits to be paid by the employer on this payroll are $6,200. Of the total accumulated cost of factory labor, 83% is related to direct labor and 17% 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.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The gross earnings of the factory workers for Larkin Company during the month of January are $73,000. The employer's payroll taxes for the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Todos, Ltd., agrees to market the products of United Sales, Inc., in Venezuela. When the government is unexpectedly overthrown in a revolution, Todos can continue to fulfill its contract but only for a much higher price.
Answers (1)
When a job is completed and all costs have been accumulated on a job cost sheet, the journal entry that should be made is?
Answers (1)
On October 2, 2016 Starbucks Corporation reported, on its Form 10-K, the following (in millions): Total assets $14,329.5 Total stockholders' equity 5,890.7 Total current liabilities 4,546.9 1.
Answers (1)
Given the following data for the Corky Company:Current liabilities $ 400Long-term debt 480Common stock 600Retained earnings 520Total liabilities & stockholders' equity $2,000How would common stock appear on a common size balance sheet?
Answers (1)
Which of the following is not a qualitative factor to be considered in a make-or-buy decision? Supplier's ability to meet production schedule. Possible lost jobs from buying outside. Incremental benefit from buying outside.
Answers (1)
New Questions in Business
The Hudson Corporation has 7,600 obsolete units of a product that are carried in inventory at a manufacturing cost of $152,000. If the units are remachined for $36,400, they could be sold for $68,000.
Answers (1)
Who is ultimately responsible for making compensation policy decisions? a. labor unions b. top management c. hr specialists d. supervisors e. employees?
Answers (1)
Gatlin Manufacturing adds direct materials at the beginning of the production process, while conversion costs are incurred uniformly throughout the process.
Answers (1)
If the average cost of transporting a passenger on the train from Chicago to St. Louis is $75, it would be irrational for the railroad to allow any passenger to ride for less than $75. True/False
Answers (1)
Beasley, Inc., reports the following amounts in its December 31, 2021, income statement. Sales revenue $ 350,000 Income tax expense $ 36,000 Interest expense 13,000 Cost of goods sold 120,000 Salaries expense 35,000 Advertising expense 25,000
Answers (1)