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Exercise The gross earnings of the factory workers for Vargas Company during the month of...

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Accounting

Exercise The gross earnings of the factory workers for Vargas Company during the month of January are $56,000. The employer's payroll taxes for the factory payroll are $10,000. The fringe benefits to be paid by the employer on this payroll are $5,000. Of the total accumulated cost of factory labor, 80% is related to direct labor and 20% is attributed to indirect labor

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