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During the first quarter, Sheridan Company incurs the following direct labor costs: January $45,600, February $34,200, and March $57,000. For each month, prepare the entry

During the first quarter, Sheridan Company incurs the following direct labor costs: January $45,600, February $34,200, and March $57,000. For each month, prepare the entry to assign overhead to production using a predetermined rate of 70% of direct labor cost

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