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Prepare journal entries to record the overhead costs paid

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Reference no: EM132048528

Question - Prepare journal entries to record the following production activities.

1. Paid overhead costs (other than indirect materials and indirect labor) of $21,000.

2. Applied overhead at 95% of direct labor costs. Direct labor costs were $60,000.

Record overhead costs paid.

Record the entry for overhead applied to production.

Reference no: EM132048528

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