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14 March, 20:12

The gross earnings of factory workers for Dinkel Company during the month of January are $400,000. The employer's payroll taxes for the factory payroll are $48,000. Of the total accumulated cost of factory labor, 75% is related to direct labor and 25% is attributable to indirect labor. Prepare the entry to record the factory labor costs for the month of January.

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  1. 14 March, 20:23
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    The entry to record the factory labor costs for the month of January.

    Date Amount title and Explanation Post ref Debit Credit

    Factory labor $448,000

    Factory wages payable $400,000

    Employer payroll taxes payable $48,000'

    (To record the factory labor cost)

    Explanation:

    Factory labor = $400,000 + $48,000

    = $448,000
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