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During the first quarter, Ivanhoe Company incurs the following direct labour costs: January $54,200, February $48,800, and March $70,000 For each month, prepare the entry

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During the first quarter, Ivanhoe Company incurs the following direct labour costs: January $54,200, February $48,800, and March $70,000 For each month, prepare the entry to assign overhead to production using a predetermined rate of 94% of direct labour costs (date journal entries as at the end of the month). (List all debit entries before credit entries Credit occount titles are outomatically indented when amount is entered. Do not indent manually.)

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