7 02:03:44 Diaz and Associates incurred the following costs in completing a tax return for a large company. Diaz applies overhead at 60% of direct labor cost. Labor Partner Senior manager Staff accountants Hours Used Hourly Rate 6 $490 15 150 160 50 1. Prepare journal entries to record direct labor and the overhead applied. View transaction list Journal entry worksheet A B Record direct labor. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit