During the current month, a company that uses a job order cost accounting system incurred a monthly

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During the current month, a company that uses a job order cost accounting system incurred a monthly factory payroll of $350,000, paid in cash. Of this amount, $90,000 is classified as indirect labor and the remainder as direct for the production of Job 65A. Factory overhead is applied at 90% of direct labor. Prepare the entry to apply factory overhead to this job lot.

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Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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