Question

Fairfield Company's payroll costs for the most recent month are summarized here: Item Description Hourly labor wages 9:40 hours $33 per hour 10 hours for Job 101 - 280 hours for Job 102 480 hours for Job 13- Factory supervision Production engineer Factory Janitorial work Selling, general, and administrative salaries Total payroll costs 15,840 531,20 3.55 6.79 zee 1. & 2. Prepare the journal entries for payroll and to apply manufacturing overhead to production. The company applies manufacturing overhead to products at a predetermined rate of 566 per direct labor hour(if no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Vww transaction is Journal entry worksheet Record Fairfield Company's payroll costs to be paid at a later date Notenter debts before credits General Journal

Answer 1

Answer:

Journal Entries :-

Transaction	Particulars	Debit($)	Credit($)
1	Work in Process A/c Dr.	31020
	Manufacturing Overhead A/c Dr.($3650+$6700+$1900)	12250
	Salaries Expense A/c Dr.	8200
	Salaries and wages payable a/c		51470
	(To recored the Payroll costs)
2	Work in Process A/c Dr.(940*$66)	62040
	Manufacturing overhead a/c		62040
	(To record the application of manufacturing overhead)