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During the first quarter, Pharoah Company incurs the following direct labor costs: January $36,000, February $27,000, and March $45,000. For each month, prepare the

 

During the first quarter, Pharoah Company incurs the following direct labor costs: January $36,000, February $27,000, and March $45,000. For each month, prepare the entry to assign overhead to production using a predetermined rate of 70% of direct labor cost (date journal entries as of the end of the month).

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