Cortez Consulting, Inc., expects the following costs and expenses during the coming year: Direct labor...
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Cortez Consulting, Inc., expects the following costs and expenses during the coming year: Direct labor (@$41/hr.) $486,000 Sales commissions 111,000 Overhead 432,000 a. Compute a predetermined overhead rate applied on the basis of direct labor hours. Round to two decimal places, if applicable. $ b. Prepare a general journal entry to apply overhead during an interim period when 4,500 direct labor hours were worked. General Journal Description Debit Credit c. What amount of overhead would be assigned to Job 466, to which $540 in direct labor had been charged? Round to two decimal places, if applicable. $ Save Answers
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