Journalize the following transactions for Shelton, Inc. (a)...
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Accounting
Journalize the following transactions for Shelton, Inc.
(a) | Incurred direct labor costs of $23,040 for 3,200 hours. The standard labor cost was $24,160. | |
(b) | Assigned 3,200 direct labor hours costing $23,040 to production. Standard hours were 3,380. |
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