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Bruce Company Uses Job-Order Costing

Question 51

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Bruce Company uses job-order costing.The company has gathered the following data:
Bruce Company uses job-order costing.The company has gathered the following data:    Factory overhead costs are applied at 90% of direct labor costs. Required:  A)Prepare the required journal entries for the above transactions. B)Prepare the journal entry to dispose of the overhead variance using the immediate write-off method. Factory overhead costs are applied at 90% of direct labor costs.
Required:
A)Prepare the required journal entries for the above transactions.
B)Prepare the journal entry to dispose of the overhead variance using the immediate write-off method.

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