Starr Company shows the following information for the month.

 Starr Company shows the following information for the month.
 

Raw materials purchased on credit    $ 76,200    
Direct materials used    $ 48,000    
Direct labor used    $ 15,350    
Overhead rate    120%    of direct labor cost
 

Prepare journal entries to record the following.
 

1. Raw materials purchased.
2. Direct materials used.
3. Direct labor used.
4. Applied overhead.

 

Explanation
4.
Applied overhead [$15,350 × 120%].

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