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Business, 24.09.2020 02:01 KittyLoverCat

Dawn Manufacturing’s records show a journal entry was made debiting Work in Process Inventory and crediting Manufacturing Overhead for $3,390. Dawn’s predetermined overhead rate is 150% of direct labor cost. Which of the following can be surmised from this journal entry? 1. $3,390 was paid out for overhead costs incurred
2. Actual direct labor of $2,260 was incurred

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