Fairfield Companys payroll costs for the most recent month are summarized here: Item Description Total Cost Hourly
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Question:
Fairfield Company’s payroll costs for the most recent month are summarized here:
Item | Description | Total Cost | |||
Hourly labor wages | 850 hours @ $27 per hour | ||||
170 hours for Job 101 = | $ | 4,590 | |||
330 hours for Job 102 = | 8,910 | ||||
350 hours for Job 103 = | 9,450 | $ | 22,950 | ||
Factory supervision | 4,750 | ||||
Production engineer | 6,700 | ||||
Factory janitorial work | 1,800 | ||||
Selling, general, and administrative salaries | 8,800 | ||||
Total payroll costs | $ | 45,000 | |||
1. Calculate how much of the labor costs would be added to the following accounts:
a. work in process inventory
b. manufacturing overhead
c. selling, general, and administrative expenses
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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