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During the month, Job AB2 used specialized machinery for 450 hours and incurred $550 in utilities on account, $300 in factory depreciation expense, and $100

During the month, Job AB2 used specialized machinery for 450 hours and incurred $550 in utilities on account, $300 in factory depreciation expense, and $100 in property tax on the factory. Prepare journal entries for the following:

A. Record the expenses incurred.

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

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