During the first quarter, Francum Company incurs the following direct labor costs: January $55,300, February $46,900, and March $64,400 For each month, prepare the entry to assign overhead to production using a predetermined rate of 70% of direct labor cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation