Business, 12.03.2021 15:00 johrenandez
Diaz and Associates incurred the following costs in completing a tax return for a large company. Diaz applies overhead at 50% of direct labor cost. Labor Hours Used Hourly Rate Partner 5 $ 450 Senior manager 13 160 Staff accountants 100 70 1. Prepare journal entries to record direct labor and the overhead applied. 2. Prepare the journal entry to record the cost of services provided. Assume the beginning Services in Process Inventory account has a zero balance.
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Diaz and Associates incurred the following costs in completing a tax return for a large company. Dia...
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