Question

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.

Answer 1

See below

Step-by-step 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