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During the first quarter, Sunland Company incurs the following direct labor costs: January $ 37,600, February $28, 200, and March $47, 000. For each month, prepare the entry to assig overhead to production using a predetermined rate of 70% of direct labor cost (date journa entries as of the end of the month). (List all debit entries before credit entries. Credit accou titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

During the first quarter, Sunland Company incurs the following direct labor costs: January $ 37,600, February $28, 200, and March $47, 000. For each month, prepare the entry to assig overhead to production using a predetermined rate of 70% of direct labor cost (date journa entries as of the end of the month). (List all debit entries before credit entries. Credit accou titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During the first quarter, Sunland Company incurs the following direct labor costs: January $ 37,600, February $28, 200, and March $47,000. For each month, prepare the entry to assign overhead to production using a predetermined rate of 70% of direct labor cost (date journal entries as of the end of the month). (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Transcribed Image Text:During the first quarter, Sunland Company incurs the following direct labor costs: January $ 37,600, February $28, 200, and March $47,000. For each month, prepare the entry to assign overhead to production using a predetermined rate of 70% of direct labor cost (date journal entries as of the end of the month). (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
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