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.

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

how does that happen,where u steel points

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.