Ask Question
21 September, 03:52

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.

+2
Answers (1)
  1. 21 September, 05:17
    0
    Factory Labor 88400

    Factory wages 73000

    employer payroll taxes 9200

    employer fringe benefit 6200

    Work In process 88400

    Factory Labor 88400

    Explanation:

    Factory Labor 88400

    Factory wages payable 73000

    employer payroll taxes 9200

    employer fringe benefit 6200

    work in process inventory 73372

    manufacturing overhead 15028
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