Dazzle, Inc. produces beads for jewelry making use. The following information summarizes 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 The journal entry to record June production activities for overhead allocation is:
Debit Work-in-Progress with 257,540; and credit Overhead cost also with $257,540.
Overhead allocated to production = Direct labor cost × Predetermined overhead rate (based on direct labor) = $163,000 × 158% = $257,540
Journal entries will look as follows:
Details Dr ($) Cr ($)
Overhead cost 257,540
To record overhead allocated to production.
the most important factor in the
work process or industry is to retain the interest of the employee. and to
retain them, their salary or profit must be adjusted to the best value. unless
the employee does not do his job properly, employees must receive bonuses or
benefits to ensure them to stay in the company. it will actually make them stay
longer, make them feel important and reduce costs for hiring new employees.
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"we first find value of tax in dollars.
the difference between the two prices is: 23. 54 - 22 = 1.54
therefore the sales tax in dollars is 1.54
the tax % will be (amount of tax / original cost price ) × 100
(1.54 / 22) × 100 → (0.07) × 100 = 7
so the tax rate is 7%
we can double check the answer.
7 % of 22 → (7/100) × 22 → 0.07 × 22 = 1.54
22 + 1.54 = 23.54"