During the month, Job AB2 used specialized machinery for 450 hours and incurred $550 in utilities on
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Question:
During the month, Job AB2 used specialized machinery for 450 hours and incurred $550 in utilities on account, $300 in factory depreciation expense, and $100 in property tax on the factory. Prepare journal entries for the following:
A. Record the expenses incurred.
B. Record the allocation of overhead at the predetermined rate of $1.50 per machine hour.
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