The gross earnings of factory workers for Blossom Company during the month of January are $320,000. The employer's payroll taxes for the factory payroll are $64,000. Of the total accumulated cost of factory labor, 75% is related to direct labor and 25% is attributable to indirect labor. (a) 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. List all debit entries before credit entries.) Your answer has been saved. See score details after the due date. Account Titles and Explanation (b) (c) Factory Labor Payroll Liabilities Your answer has been saved. See score details after the due date. Account Titles and Explanation Work in Process Inventory Manufacturing Overhead Prepare the entry to assign factory labor to production. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Factory Labor Debit Account Titles and Explanation Save for Later Debit 384000 Debit 288000 Credit 96000 384000 Credit Attempts: 1 of 1 used Prepare the entry to assign manufacturing overhead to production, assuming the predetermined overhead rate is 125% of direct labor cost. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) 384000 Credit Attempts: 1 of 1 used Attempts: 0 of 1 used Submit Answer
The gross earnings of factory workers for Blossom Company during the month of January are $320,000. The employer's payroll taxes for the factory payroll are $64,000. Of the total accumulated cost of factory labor, 75% is related to direct labor and 25% is attributable to indirect labor. (a) 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. List all debit entries before credit entries.) Your answer has been saved. See score details after the due date. Account Titles and Explanation (b) (c) Factory Labor Payroll Liabilities Your answer has been saved. See score details after the due date. Account Titles and Explanation Work in Process Inventory Manufacturing Overhead Prepare the entry to assign factory labor to production. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Factory Labor Debit Account Titles and Explanation Save for Later Debit 384000 Debit 288000 Credit 96000 384000 Credit Attempts: 1 of 1 used Prepare the entry to assign manufacturing overhead to production, assuming the predetermined overhead rate is 125% of direct labor cost. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) 384000 Credit Attempts: 1 of 1 used Attempts: 0 of 1 used Submit Answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The gross earnings of factory workers for Blossom Company during the month of January are $320,000. The employer's payroll taxes
for the factory payroll are $64,000. Of the total accumulated cost of factory labor, 75% is related to direct labor and 25% is
attributable to indirect labor.
(a)
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. List all debit entries before credit entries.)
Your answer has been saved. See score details after the due date.
Account Titles and Explanation
(b)
(c)
Factory Labor
Payroll Liabilities
Your answer has been saved. See score details after the due date.
Account Titles and Explanation
Work in Process Inventory
Manufacturing Overhead
Prepare the entry to assign factory labor to production. (Credit account titles are automatically indented when the amount is entered.
Do not indent manually. List all debit entries before credit entries.)
Factory Labor
Debit
Account Titles and Explanation
Save for Later
Debit
384000
Debit
288000
Credit
96000
384000
Credit
Attempts: 1 of 1 used
Prepare the entry to assign manufacturing overhead to production, assuming the predetermined overhead rate is 125% of direct
labor cost. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries
before credit entries.)
384000
Credit
Attempts: 1 of 1 used
Attempts: 0 of 1 used Submit Answer
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