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Blarney Company applies manufacturing overhead by using a predetermined rate of 50% of direct labor cost. The data that follow pertain to job no. 764:

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Blarney Company applies manufacturing overhead by using a predetermined rate of 50% of direct labor cost. The data that follow pertain to job no. 764: If Blarney adds a 40% markup on total cost to generate a profit, which of the following choices depicts the correct entry for a particular account to record the sale of job no. 764? Note that a Debit increases assets, decreases liability & decreases Owners Equity. Choice A Choice B Choice C Choice D Choice E

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