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The following information was ten from the job cost sheet for Job 101 forMcdonald Manufacturing Company: V The following information was taken from the job
The following information was ten from the job cost sheet for Job 101 forMcdonald Manufacturing Company:
V The following information was taken from the job cost sheet for Job 101 for McDonald Manufacturing Company: Date started: Date completed: December S, 2018 January 21, 2019 Direct Materials Direet Applied Labor Job Overhead Total Date 2-15-18$3,0 12-17-18 50 00 2-22-18 1-01-19 350 675 600 300 Job 101 was sold on account on January 25, 2019, for 160 percent of its cost. Factory overhead is applied on the basis of direct labor costs. Required: a. Prepare the journal entries to record the costs incurred for Job 101 in 2018-2019 for direct b. c. d. materials, direct labor, and factory overhead Prepare the journal entry to What is the predetermined factory overhead rate for McDonald Manufacturing? Prepare the journal entries to record the sale of Job 101 Step by Step Solution
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