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How journalize the incurrence of the labor costs

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Reference no: EM132640762

Problem 1: Iris Sdn Bhd's standard labor cost of producing one unit of product is 2 hours at the rate of RM14.00 per hour. During February, 52,000 hours of labor are incurred at a cost of RM13.80 per hour to produce 25,000 units of product. Journalize the incurrence of the labor costs and the assignment of direct labor to production, assuming a standard cost system is used.

Reference no: EM132640762

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