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During the first quarter, Francum Company incurs the following direct labor costs: January $55,200, February $51,000, and March $64,600. For each month, prepare the entry to assign overhead to production using a predetermined rate of 71% of direct labor cost.

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ayokenny2001

Answer:

See below

Explanation:

Date General journal Debit Credit

Jan. Work in process $39,192

Manufacturing overhead $39,192

($55,200 × 71%)

Feb. Work in process $36,210

($51,000 × 71%)

Manufacturing overhead $36,210

March. Work in process $45,866

($64,600 × 71%)

Manufacturing overhead $45,866

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