**Journal Entry Worksheet for Direct and Indirect Labor Costs**A company utilizing job order costing incurred a monthly factory payroll totaling $223,500. This payroll amount includes $43,000 for indirect labor and $180,500 for direct labor. To accurately record these labor costs, it is necessary to prepare journal entries for both (a) direct labor and (b) indirect labor.### Journal Entry Instructions:#### Step 1: Record Direct Labor Cost- **Description**: Record the cost of direct labor used.- **Note**: Ensure debits are entered before credits.#### Journal Entry Table:- **Transactional Entry**: This table is designed to document the transactions in the general journal. - **Sections**: - **General Journal**: Input description of the transaction. - **Debit**: Specify the debit amount. - **Credit**: Specify the credit amount.### Controls:- **Record entry**: Button to save the entry.- **Clear entry**: Button to clear and reset the fields.- **View general journal**: Button for viewing all recorded entries in the general journal.This structured approach aids in maintaining accurate accounting records for labor expenses.

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Description: **Journal Entry Worksheet for Direct and Indirect Labor Costs**A company utilizing job order costing incurred a monthly factory payroll totaling $223,500. This payroll amount includes $43,000 for indirect labor and $180,500 for direct labor. To accu

Total factory payroll =$223,500 Indirect labor = $43,000 Direct labor = Total factory payroll - Indirect laborDirect labor = Total factory payroll - Indirect labor Direct labor = $223,500 - $43,000 Direct labor = $180,500

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A company that uses job order costing incurred a monthly factory payroll of $223,500. Of this amount, $43,000 is indirect labor and $180,500 is direct labor. Prepare journal entries to record the (a) use of direct labor and (b) use of indirect labor.

A company that uses job order costing incurred a monthly factory payroll of $223,500. Of this amount, $43,000 is indirect labor and $180,500 is direct labor. Prepare journal entries to record the (a) use of direct labor and (b) use of indirect labor.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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