During the first quarter, Phuong Company incurs the following direct labour costs: January $40,000, February $30,000, and

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During the first quarter, Phuong Company incurs the following direct labour 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 90% of direct labour costs.
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Managerial Accounting Tools for Business Decision Making

ISBN: 978-1118856994

4th Canadian edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

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