P3-3 Payroll calculation and distribution; overtime and idle time A rush order was accepted by San Diego Machine Conversions for five ven conversions. The labor time records for the week ended January 27 show the following: Records-Hour Distribution Labor Time Van Van Ven Van Van Employees Hours #1 #2 #3 #4 #5 Peavy (Supervisor) 42 Bell .45 20 10 10 10 20 5 Gonzalez.. 43 24 24 Hairston.. 48 24 24 Headley.. 45 15 15 15 Rodriguez.. 42 24 8 Young 40 20 10 All employees are paid $10.00 per hour, except Peavy, who receives $20 per hour. All overtime premium pay, except Pea- vy's, is chargeable to the job, and all employees, including Peavy, receive time-and-a-half for overtime hours. Required: 1. Calculate the total payroll and total net earnings for the wee Assume that an 18% deduction for federal income tax is required in addition to FICA deductions. Assume that none of the employees has achieved the maximums for FICA and unemployment taxes. Hours not worked on vans are idle tim and are not charged to the job. 2. Prepare the journal entries to record and pay the payroll. 3. Prepare the journal entry to distribute the payroll to the appropriate accounts. 4. Determine the dollar amount of labor that is chargeable to each van, assuming that the overtime costs are proportione to the regular hours used on the vens. (First compute an average labor rate for each worker including overtime pre- mium, and then use that rate to charge all workers, hours to yens.)