Answered step by step
Verified Expert Solution
Question
1 Approved Answer
need hwlp with question 5 Compute Tasty's departmental overhead rate for the mixing department based on machine hours. A) $1.50 per MH. B) $3.33 per
need hwlp with question 5
Compute Tasty's departmental overhead rate for the mixing department based on machine hours. A) $1.50 per MH. B) $3.33 per MH. C) $0.60 per MH. D) $0.50 per MH. E) $2.00 per MH. 5) 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 $ 87,000 Direct labor used 160,000 155% Predetermined overhead rate (based on direct labor) 432,000 Goods transferred to finished goods 444,000 Cost of goods sold 810,000 Credit sales A) Debit Factory Overhead $248,000; credit Cash $248,000. B) Debit Work in Process Inventory $160,000; credit Factory Payroll $160,000. C) Debit Work in Process Inventory $248,000, credit Factory Overhead $248,000 D) Debit Work in Process Inventory $160,000; credit Factory Overhead $160,000. E) Debit Work in Process Inventory $160,000; credit Cash $160,000. 6) Crinkle Cut Clothes Company manufactures two products CCI and CC2. Current direct material and direct labor costs are detailed below. Next year the company wishes to use a plantwide overhead rate with direct labor hours as its allocation base. Next year's overhead is estimated to be $338,250. The direct labor and direct materials costs are estimated to be consistent with the current year, Direct labor costs $28 per hour and the company expects to manufacture 22,000 units of CCI and 91,000 units of CC2 next year. Direct Direct Material per Unit $ 37.10 $ 25.20 Labor Dollars per Unit $ 22.40 $ 15.40 CCI CC2 Compute the plantwide overhead rate for next year. A) $28.00 per DLH. B) $37.80 per DLH. $1.35 per DLH. DIH Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started