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20.7-20.9 answers typed or able to copy/paste please and thank you. BE20.7 (LO 3) During the first quarter, Francum Company incurs the following direct labor

20.7-20.9 answers typed or able to copy/paste please and thank you. image text in transcribed
BE20.7 (LO 3) During the first quarter, Francum 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 70% of direct labor cost. Assign manufacturing overhead to production. BE20.8 (LO 4) In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $20,000 and Job 11 $30,000. On March 31, Job 10 is sold to the customer for $35,000 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. Prepare entries for completion and sale of completed jobs. BE20.9 (LO 4) Ruiz Engineering Contractors incurred service salaries and wages of $36,000 ($28,000 direct and $8,000 indirect) on an engineering project. The company applies overhead at a rate of 25% of direct labor. Record the entries to assign service salaries and wages and to apply overhead. Prepare entries for service salaries and wages and operating overhead. BE20.10 (LO 5) At December 31, balances in Manufacturing Overhead are Shimeca Company -debit $1,200, Garcia Company-credit $900. Prepare the adjusting entry for each company at December 31, assuming the adjustment is made to cost of goods sold

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