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Required information [The following information applies to the questions displayed below] Bunnell Corporation is a manufacturer that uses job-order costing. On January 1 , the

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Required information [The following information applies to the questions displayed below] Bunnell Corporation is a manufacturer that uses job-order costing. On January 1 , the company's inventory balances were as follows: The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $12.00 per direct labot-hour was based on a cost formula that estimated $480,000 of total manufacturing overhead for an estimated activity level of 40.000 direct labor-hours. The following transactions were recorded for the year: a. Raw materials were purchased on account, $696.000. b. Raw materials used in production, $655,400. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $430,000; indirect labor, $150,000; selling and administrative salaries, $251,000 d. Incurred various selling and administrative expenses (e.g, advertising, sales travel costs, and finished goods warehousing), $411,000 e. Incurred various manufacturing overheod costs (e.g, depreciation, insurance, and utilities), $330,000. f. Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on ail jobs during the year. 9. Jobs costing $1,521,800 to manufacture according to their job cost sheets were compieted during the yeac: h. Jobs were sold on account to customers during the year for a total of $3,255,000. The jobs cost $1,531,800 to manufacture according to their job cost sheets. 3. What is the journal entry to record the labor costs incurred during the year? (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the accrued labor costs. Notel Enter debits belore credits

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