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Anonymous

Oct 13, 2024

Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. Direct materials

Dazzle, Inc. produces beads for jewelry making. Below is a summary of the production operations for June:

  • Direct materials used: $90,000
  • Direct labor used: $163,000
  • Predetermined overhead rate (based on direct labor): 158%
  • Goods transferred to finished goods: $435,000
  • Cost of goods sold: $447,000
  • Credit sales: $840,000

What is the journal entry to record the overhead allocation for June's production activities?

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3 Answers

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Anonymous

Dec 19, 2024

Debit Work-in-Progress with 257,540; and credit Overhead cost also with $257,540.Explanation:Overhead allocated to production = Direct labor cost × Predetermined overhead rate (based on direct labor) = $163,000 × 158% = $257,540Journal entries will look as follows: Details                                        Dr ($)              Cr ($)   Work-in-Progress                    257,540Overhead cost                                                257,540To record overhead allocated to production.              
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Anonymous

Nov 23, 2024

the most important factor in the work process or industry is to retain the interest of the employee. and toretain them, their salary or profit must be adjusted to the best value. unlessthe employee does not do his job properly, employees must receive bonuses orbenefits to ensure them to stay in the company. it will actually make them staylonger, make them feel important and reduce costs for hiring new employees.explanation: mark brainliest!
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Anonymous

Jan 27, 2025

hi : ) i found this so i hope this ! "we first find value of tax in dollars.the difference between the two prices   is: 23. 54 - 22 = 1.54therefore the sales tax in dollars is 1.54the tax % will be   (amount of tax / original cost price ) × 100(1.54 / 22) × 100  → (0.07) × 100 =   7so the tax rate is 7%we can double check the answer.7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.5422 + 1.54 = 23.54"
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