Business, 11.04.2020 01:35 charleswoodward438

Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The journal entry to record June production activities for overhead allocation is:

Direct materials used $ 104,000
Direct labor used 177,000
Predetermined overhead rate (based on direct labor) 160 %
Goods transferred to finished goods 449,000
Cost of goods sold 461,000
Credit sales 980,000
Debit Work in Process Inventory $177,000; credit Factory Overhead $177,000.

Debit Factory Overhead $283,200; credit Cash $283,200.

Debit Work in Process Inventory $177,000; credit Cash $177,000.

Debit Work in Process Inventory $283,200; credit Factory Overhead $283,200.

Debit Work in Process Inventory $177,000; credit Factory Payroll $177,000.

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Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production...