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Brief Exercise 15-07 During the first quarter, Marigold Company incurs the following direct labor costs: January $54,700, February $52,900, and March $68,100. For each month,
Brief Exercise 15-07 During the first quarter, Marigold Company incurs the following direct labor costs: January $54,700, February $52,900, and March $68,100. For each month, prepare the entry to assign overhead to production using a predetermined rate of 71% of direct labor cost. (Credit account indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work CALCUL Brief Exercise 15-O In March, Waterway Company completes Jobs 10 and 11. Job 10 cost $23,300 and Job 11 $33,400. On March 31, Job 10 is sold to the customer for $38,200 in cash Journalize the entries for the completion of the two jobs and the sale of lob 10. (Credit account titles are automatically indented when amount is entered. Do not Date Account Titles and Explanation Debit Credit Mar 31 (To record the completion of the two jobs) 31 (To record the sale Job 10) 31 aly (To record the cost of the job sold) Click if you would like to Show Work for this question Open Show Work Question Attempts: 0 of 3 us
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