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The following information is available for Lock-Tite Company, which produces special-order security products and uses a job o
> < A B Record other Factory overhead costs (excluding indirect materials and indirect labor). Record credit to Other Account
< A 00 B Record the application of overhead to work in process. Note: Enter debits before credits. Debit Credit Transaction G
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Answer #1

Direct labor = $150,000 - $34,500 Direct labor = $115,500 Overhead applied = $115,500*55% Overhead applied = $63,525 Credit D

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