Question
need help with question #6

E) $2.00 per MH 5) Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operat
1 0
Add a comment Improve this question Transcribed image text
Answer #1
Ans. Option   D        $5.00   per DLH
Plantwide overhead rate   = Estimated overhead / Estimated direct labor hours
$338,250 / 67,650
$5.00 per DLH
*Working Notes:
Direct labor hours per unit = Direct labor dollars per unit / Direct labor cost
CC 1 $22.40 / $28 0.80 direct labor hours per unit
CC 2 $15.40 / $28 0.55 direct labor hours per unit
Total direct labor hours = Direct labor hours per unit * Expected units to manufacture
CC 1 0.80 * 22,000 17600 Direct labor hours
CC 2 0.55 * 91,000 50050 Direct labor hours
*Total expected direct labor hours =   17,600 + 50,050 = 67,650
Add a comment
Know the answer?
Add Answer to:
need help with question #6 E) $2.00 per MH 5) Dazzle, Inc. produces beads for jewelry making use. The following inf...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • need hwlp with question 5 Compute Tasty's departmental overhead rate for the mixing department based on...

    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...

  • need help with question #4 OIL In Process Units started Units completed Ending Work in Process...

    need help with question #4 OIL In Process Units started Units completed Ending Work in Process Product 230,000 570,000 620.000 180.000 Percent of Conversion Added 60% 100% 100% 70% A) 758,000 B) 800,000 C) 620,000 D) 746,000 E) 884,000 Tasty Bakery produces donuts which go through two operations, mixing and baking, before they are ready to be packaged. Next year's expected costs and activities are shown below. Direct labor hours Machine hours Overhead costs Mixing 300.000 DLH 1,000,000 MH $500,000...

  • Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations and sales...

    Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations and sales activities for June. The journal entry to record June sales is: direct materials used 98,000 direct labor uses 171000 predetermined overhead rate (based on direct labor) 150% goods transferred to finished goods 443,000 cost of goods sold 455,000 credit sales 920,000 A. debit work in process inventory 171,000; credit cash 171,000 B. debit work in process inventory 171,000; credit factory overhead 171,000 C. debit...

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

    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 direct labor usage is:             Direct materials used $ 100,000​ Direct labor used 173,000​ Predetermined overhead rate (based on direct labor) 160​ % Goods transferred to finished goods 445,000​ Cost of goods sold 457,000​ Credit sales 823,000​ A. Debit Cost of Goods Sold $173,000; credit Factory Wages Payable $173,000 B. Debit Work...

  • Help Save & E Crinkle Cut Clothes Company manufactures two products CC1 and CC2. Current direct...

    Help Save & E Crinkle Cut Clothes Company manufactures two products CC1 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 $434.080. The direct labor and direc materials costs are estimated to be consistent with the current year. Direct labor costs $20 per hour and the company expects to manufacture 31,000...

  • Dazzle Inc. produces beads for jewelry manguse the following information summas production certions for the u...

    Dazzle Inc. produces beads for jewelry manguse the following information summas production certions for the u ntry to record production s for overed Direct materials used Direct labor used Predetermined overhead rate based on direct labor) Goods transferred to finished goods Cost of toods sold $ 107.000 $ 180,cee 161% S52. $ 464.000 $1,010,000 0 O Debit W in Proces ory 520.000 credit Factory Outed 5190.000 0 DW 0 000 Gractory 120.000 0 ODW 8 000 80.000 0 Debe Work...

  • Product Costs and Product Profitability Reports, using a Single Plantwide Factory Overhead Rate Isaac Engines Inc....

    Product Costs and Product Profitability Reports, using a Single Plantwide Factory Overhead Rate Isaac Engines Inc. produces three products—pistons, valves, and cams—for the heavy equipment industry. Isaac Engines has a very simple production process and product line and uses a single plantwide factory overhead rate to allocate overhead to the three products. The factory overhead rate is based on direct labor hours. Information about the three products for 20Y2 is as follows: Budgeted Volume (Units) Direct Labor Hours Per Unit...

  • Luker Corporation uses a process costing system. The company had $175,500 of beginning Finished Goods Inventory...

    Luker Corporation uses a process costing system. The company had $175,500 of beginning Finished Goods Inventory on October 1. It transferred in $852,000 of units completed during the period. The ending Finished Goods Inventory balance on October 31 was $173,200 The entry to account for the cost of goods manufactured during October is Ο Debit Cost of Goods Sold $852,000; credit Finished Goods Inventory $852,000. Ο Debit Cost of Goods Sold $854,300, credit Work in Process Inventory $854,300. Ο Debit...

  • need hwlp with question 8. please show how you got it The Fabricating Department started the...

    need hwlp with question 8. please show how you got it The Fabricating Department started the current month with a beginning Work in Process inventory of $10,000. During the month, it was assigned the following costs: direct materials, $76.000, direct labor, $24,000, and factory overhead, 50% of direct labor cost. Also, inventory with a cost of $109,000 was transferred out of the department to the next phase in the process. The ending balance of the Work in Process Inventory account...

  • need help with question 9 M e s direct materials stred e nd of director cont. Also, n o balance of the Work in Proc...

    need help with question 9 M e s direct materials stred e nd of director cont. Also, n o balance of the Work in Process Inventory ed out of the department to the next phase in the process A) $13.000 for the Fabricating Department B) $56,000 C) $59,000 D) $110.000 E) $165,000. 3) Dazzle, Inc. produces beads for jewelry malinaw The following information summa production operations for June. The journal entry to record June production activities for direct material usage...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT