Swifty Engineering Contractors incurred service salaries and
wages of $44,000 ($35,700 direct and $8,300 indirect) on an
engineering project. The company applies overhead at a rate of 26%
of direct labor.
Record the entries to assign service salaries and wages and to
apply overhead. (Credit account titles are
automatically indented when the amount is entered. Do not indent
manually.)
Account Titles and Explanation |
Debit |
Credit |
(To record service salary and wages) |
||
(To record the applied overhead) |
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