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Prepare the entry to assign overhead to production

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Reference no: EM131799235

Brief Exercise 20-7 During the first quarter, Francum Company incurs the following direct labor costs: January $53,600, February $49,900, and March $66,200.

For each month, prepare the entry to assign overhead to production using a predetermined rate of 75% of direct labor cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Reference no: EM131799235

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