Exercise 16-23 Recording overhead costs LO P3 Prepare journal entries to record the following production activities 1. Paid overhead costs (other than indirect materials and indirect labor) of $38,750 2 Applied overhead at 110% of direct labor costs. Direct labor costs were $75,000. View transaction list Journal entry worksheet 2 Record overhead costs paid Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal