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Brief Exercise 15A-09 Marigold Engineering Contractors incurred service salaries and wages $50,700 ($39,500 direct and $11,200 indirect) on an engineering project. The company applies overhead
Brief Exercise 15A-09 Marigold Engineering Contractors incurred service salaries and wages $50,700 ($39,500 direct and $11,200 indirect) on an engineering project. The company applies overhead at a rate of 25% of direct labor. Assign service salaries and wages and apply overhead. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Supplies Service Contract Costs Service Salaries and Wages Operating Overhead Service Contract in Process Beginning balance $ Assign personnel costs to projects Assign operating overhead to projects $ Ending balance $ Click if you would like to Show Work for this question: Open Show Work Brief Exercise 15-09 Waterway Engineering Contractors incurred service salaries and wages of $41,600 ($34,600 direct and $7,000 indirect) on an engineering project. The company applies overhead at a rate of 21% of direct labor. Record the entries assign service salaries and wages and to apply overhead. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record service salary and wages) (To record the applied overhead) Click you would like to Show Work for this question: Open Show Work
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