Prepare the entry to assign factory labor to production

Assignment Help Managerial Accounting

Reference no: EM13336730

The gross earnings of the factory workers for Vargas Company during the month of January are $66,000. The employer's payroll taxes for the factory payroll are $8,000. The fringe benefits to be paid by the employer on this payroll are $6,000. Of the total accumulated cost of factory labor; 85% is related to direct labor and 15% is attributable to indirect labor.

Instructions

(a) Prepare the entry to record the factory labor costs for the month of January.

1418_Flowchart of Costs3.png

(b) Prepare the entry to assign factory labor to production.

Reference no: EM13336730

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