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Pharaoh company produces earbuds. During the year manufacturing overhead costs are estimated to be $215,000. Estimated machine usage is 2500 hours. The company assigns overhead

Pharaoh company produces earbuds. During the year manufacturing overhead costs are estimated to be $215,000. Estimated machine usage is 2500 hours. The company assigns overhead based on machine hours. Job no. 551 used 90 machine hours.Predetermined overhead rate $86Overhead assigned $7740

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Date Account Titles and Explanation Debit Jan. 15 (To assign overhead to jobs)

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