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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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
Transcribed Image Text:The following information is taken from the payroll records of a
company.
Basic pay for basic hours
Overtime-basic pay
Overtime-premium
Training
Sick pay
Idle time
Direct
workers
$
43,000
10,000
5,000
2,500
750
1,200
Indirect
workers
S
17,000
4,500
2,250
1,250
250
0
Total
$
60,000
14,500
7,250
3,750
1,000
1,200
Required:
Using the information given, complete the labour account shown below:
Labour account
$
$
Expert Solution
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