The factory payroll for the week is $200,000, consisting of $140,000 earned by 100 direct laborers and
Question:
Required:
1. Prepare the journal entry to distribute the weekly payroll.
2. Prepare the journal entry to record the costs and liabilities related to the bonus, vacation pay, and holiday pay, assuming that the fringe benefits of the direct laborers are charged to Factory Overhead.
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1 Work in Process 140000 Factory Overhead Indirect Labor 60000 Payroll 20...View the full answer
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Related Book For
Principles of Cost Accounting
ISBN: 978-1305087408
17th edition
Authors: Edward J. Vanderbeck, Maria Mitchell
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