Question

Exercise 166 (Part Level Submission) The gross earnings of factory workers for Dinkel Company during the month of January are $400,000. The employers payroll taxes for the factory payroll are $80,000. Of the total accumulated cost of factory labor, 75% is related to direct labor and 25% is attributable to indirect labor Prepare the entry to record the factory labor costs for the month of January. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit

▼ (b) Prepare the entry to assign factory labor to production. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit

0 0
Add a comment Improve this question Transcribed image text
Answer #1

a) Factory Labor .................................................. 480000

Factory Wages Payable........................ 400000

Employer Payroll Taxes Payable........... 80000

b) Work in Process Inventory .............................. 360000

Manufacturing Overhead .............................. 120000

Factory Labor ..................................... 480000

( $480000 * 75% = $360000)

Add a comment
Know the answer?
Add Answer to:
Exercise 166 (Part Level Submission) The gross earnings of factory workers for Dinkel Company during the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Exercise 166 (Part Level Submission) The gross earnings of factory workers for Dinkel Company during the...

    Exercise 166 (Part Level Submission) The gross earnings of factory workers for Dinkel Company during the month of January are $400,000. The employer's payroll taxes for the factory payroll are $80,000. Of the total accumulated cost of factory labor, 75% is related to direct labor and 25% is attributable to indirect labor Prepare the entry to record the factory labor costs for the month of January. (Credit account titles are automatically indented when the amount is entered. Do not indent...

  • Exercise 166 (Part Level Submission) The gross earnings of factory workers for Dinkel Company during the...

    Exercise 166 (Part Level Submission) The gross earnings of factory workers for Dinkel Company during the month of January are $400,000. The employer's payroll taxes for the factory payroll are $80,000. Of the total accumulated cost of factory labor, 75% is related to direct labor and 25% is attributable to indirect labor Prepare the entry to record the factory labor costs for the month of January. (Credit account titles are automatically indented when the amount is entered. Do not indent...

  • The gross earnings of the factory workers for Larkin Company during the month of January are...

    The gross earnings of the factory workers for Larkin Company during the month of January are $86,000. The employer's payroll taxes for the factory payroll are $9,500. The fringe benefits to be paid by the employer on this payroll are $5,300. Of the total accumulated cost of factory labor, 81% is related to direct labor and 19% is attributable to indirect labor. (a) Prepare the entry to record the factory labor costs for the month of January. (b) Prepare the...

  • The gross earnings of the factory workers for Larkin Company during the month of January are...

    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 $7,900. The fringe benefits to be paid by the employer on this payroll are $6,100. 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...

  • The gross earnings of the factory workers for Larkin Company during the month of January are...

    The gross earnings of the factory workers for Larkin Company during the month of January are $74,000. The employer's payroll taxes for the factory payroll are $8.500. The fringe benefits to be paid by the employer on this payroll are $5.400 of the total accumulated cost of factory labor, 85% is related to direct labor and 15% is attributable to indirect labor. ta (b) Prepare the entry to record the factory labor costs for the month of January Prepare the...

  • The gross earnings of the factory workers for Concord Company during the month of January are...

    The gross earnings of the factory workers for Concord Company during the month of January are $73,000. The employer's payroll taxes for the factory payroll are $8,200. The fringe benefits to be paid by the employer on this payroll are $5,700. Of the total accumulated cost of factory labor, 81% is related to direct labor and 19% is attributable to indirect labor. (a) (b) Prepare the entry to record the factory labor costs for the month of January Prepare the...

  • The gross earnings of the factory workers for Larkin Company during the month of January are...

    The gross earnings of the factory workers for Larkin Company during the month of January are $74,000. The employer’s payroll taxes for the factory payroll are $8,500. The fringe benefits to be paid by the employer on this payroll are $5,400. Of the total accumulated cost of factory labor, 85% is related to direct labor and 15% is attributable to indirect labor. (a) Prepare the entry to record the factory labor costs for the month of January. (b) Prepare the...

  • What is the entry to record the factory labor costs for the month of january and...

    What is the entry to record the factory labor costs for the month of january and what is rhe entry to assign factory labor production? Current Attempt in Progress The gross earnings of the factory workers for Larkin Company during the month of January are $87,000. The employer's payroll taxes for the factory payroll are $9,400. The fringe benefits to be paid by the employer on this payroll are $5,000. Of the total accumulated cost of factory labor, 82% is...

  • Question 1 of 3 View Policies Current Attempt in Progress The gross earnings of the factory...

    Question 1 of 3 View Policies Current Attempt in Progress The gross earnings of the factory workers for Vargas Company during the month of taxes for the factory payroll are $7.700. The fringe benefits to be paid by the employer on this accumulated cost of factory labour, 84% is related to direct labour and 16is attributable to directe Prepare the entry to record the factory Labour costs for January Prepare the entry to assign factory labour to production Credit account...

  • please help, and explain thank you Show Attempt History Current Attempt in Progress - Your answer...

    please help, and explain thank you Show Attempt History Current Attempt in Progress - Your answer is partially correct. The net earnings of the factory workers for Larkin Company during the month of January are $73,000. The employer's payroll tax the factory payroll are $7,900. The fringe benefits to be paid by the employer on this payroll are $6,100. Of the total accumulated factory labor, 83% is related to direct labor and 17% is attributable to indirect labor. (a) Prepare...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT