Reference no: EM133115632
Question - Dazzle, Incorporated produces beads for jewelry making use. The following information summarizes production operations for June. What the journal entry to record overhead applied during June?
Direct materials used $99,000
Direct labor used 172,000
Predetermined overhead rate (based on direct labor) 160%
Goods transferred to finished goods 444,000
Cost of goods sold 456,000
Credit sales 822,000
a. Debit Factory Overhead $275,200; credit Cash $275,200.
b. Debit Work in Process Inventory $275,200; credit Factory Overhead $275,200.
c. Debit Work in Process Inventory $172,000; credit Cash $172,000.
d. Debit Work in Process Inventory $172,000; credit Factory Wages $172,000.
e. Debit Work in Process Inventory $172,000; credit Factory Overhead $172,000.
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