Fairfield Company’s payroll costs for the most recent month are summarized here: Item Description Total Cost...

Fairfield Company’s payroll costs for the most recent month are summarized here: Item Description Total Cost...

Fairfield Company’s payroll costs for the most recent month are summarized here: Item Description Total Cost...

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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

business accounting

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Amount to be calculated under each head:

Work in process Inventory

Labor costs are assigned in work in process

Manufacturing overhead

(4750+6700+1800)

Factory costs are manufacturing overhead

Selling, general, and administrative expenses

This is clear from the name itself.