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Category > Accounting Posted 28 May 2017 My Price 4.00

During the first quarter, Roland Company incurs the following direct labor costs

 

BE2-7 During the first quarter, Roland Company incurs the following direct labor costs: January $40,000, February $30,000, and March $50,000. For each month, prepare the entry to assign overhead to production using a predetermined rate of 80% of direct labor cost.

 

 

 
 

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Alpha Geek
(8)
Status NEW Posted 28 May 2017 06:05 AM My Price 4.00

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file 1495952032-Answer.docx preview (89 words )
B-----------E2------------7 -----------Dur-----------ing----------- th-----------e f-----------irs-----------t q-----------uar-----------ter-----------, R-----------ola-----------nd -----------Com-----------pan-----------y i-----------ncu-----------rs -----------the----------- fo-----------llo-----------win-----------g d-----------ire-----------ct -----------lab-----------or -----------cos-----------ts:----------- Ja-----------nua-----------ry -----------$40-----------,00-----------0, -----------Feb-----------rua-----------ry -----------$30-----------,00-----------0, -----------and----------- Ma-----------rch----------- $5-----------0,0-----------00.----------- Fo-----------r e-----------ach----------- mo-----------nth-----------, p-----------rep-----------are----------- th-----------e e-----------ntr-----------y t-----------o a-----------ssi-----------gn -----------ove-----------rhe-----------ad -----------to -----------pro-----------duc-----------tio-----------n u-----------sin-----------g a----------- pr-----------ede-----------ter-----------min-----------ed -----------rat-----------e o-----------f 8-----------0% -----------of -----------dir-----------ect----------- la-----------bor----------- co-----------st.----------- N-----------ov -----------30 -----------201-----------5 0-----------4:0-----------5 P-----------M -----------Ans-----------wer-----------: ----------- Ov-----------erh-----------ead----------- as-----------sig-----------nme-----------nt -----------is -----------don-----------e u-----------sin-----------g p-----------red-----------ete-----------rmi-----------ned----------- ra-----------te -----------of -----------80%----------- of----------- di-----------rec-----------t l-----------abo-----------r c-----------ost-----------: O-----------ver-----------hea-----------d a-----------ssi-----------gne-----------d f-----------orÂ----------- Ja-----------nua-----------ry -----------=80-----------% *----------- $4-----------0,0-----------00 -----------= $-----------32,-----------000-----------
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