Question

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

Answer 1

Answer:

Missing wordings "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"

Factory overhead = Direct Labor used * Predetermined Overhead rate

Factory overhead = 177,000 * 160%

Factory overhead = 283,200

Journal Entry                           Debit          Credit

Work in Process Inventory   $283,200

   Factory Overhead                                 $283,200