During the month, Job AB2 used specialized machinery for 400 hours and incurred $500 in utilities on account, $300 in factory depreciation expense, and $50 in property tax on the factory. Prepare journal entries for the following: If an amount box does not require an entry, leave it blank.

Question Content Area

A. Record the expenses incurred.

B. Record the allocation of overhead at the predetermined rate of $1.50 per machine hour.