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

70.2K

Verified Solution

Question

Accounting

imageimage

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 Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold Credit sales $ 93,000 $166,000 161% $438,000 $450, eee $870,000 Multiple Choice Debit Factory Overhead $267,260; credit Cash $267,260. Debit Work In Process Inventory $166,000; credit Cash $166,000. Debit Work In Process Inventory $267,260; credit Factory Overhead $267,260. O Debit Work In Process Inventory $166,000; credit Factory Overhead $166,000. O O O Debit Work In Process Inventory $166,000; credit Factory Payroll $166,000. Bluebird Mfg. has received a special one-time order for 20,000 bird feeders at $10 per unit. Bluebird currently produces and sells 75,000 units at $13.00 each. This level represents 75% of its capacity. These bird feeders would be marketed under the wholesaler's name and would not affect Bluebird's sales through its normal channels. Production costs for these units are $8.00 per unit, which includes $6.50 variable cost and $1.50 fixed cost. If Bluebird accepts this additional business, the incremental revenue will be: Multiple Choice $200,000. $70,000. O $136.000. O $12,308 O $130,000 O

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students