Part A Brief Exercise 2-7 During the first quarter, Francum Company incurs the following direct labor costs: January $53,400, February $55,300, and March $64,500. For each month, prepare the entry to assign overhead to production using a predetermined rate of 71% 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.) 3 ex Stedy Date Account Titles and Explanation SHOW LIST OF ACCOUNTS Debit Credit