Dazzle, Inc. produces beads for jewellery making use. The following information summarizes production operations for June. The journal entry to record June production activities for direct material usage is: Direct materials used $89,000 Direct labour used 162,000 Predetermined overhead rate (based on direct labour) 160% Goods transferred to finished goods 434,000 Cost of goods sold 446,000 Credit sales 812,000

Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.

Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing …

Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In compari…