Question: part a to e pls BEE produces bike helmets. Each helmet takes 3 hours of direct labour hours and 4 machine hours to manufacture. The

 part a to e pls BEE produces bike helmets. Each helmet

part a to e pls

BEE produces bike helmets. Each helmet takes 3 hours of direct labour hours and 4 machine hours to manufacture. The selling price of a helmet is equal to cost plus a 200% mark-up. The following information was provided about the activity of the company for the financial year ended 30 June 2020: Overheard driver Direct labour hours Direct labour cost $25 per hour $720,000 Budgeted manufacturing overhead for the period Budgeted machine hours for the period Budgeted direct labour hours for the period 9,500 10,000 10,075 Actual machine hours for the period Actual direct labour hours for the period 12,000 Direct materials purchased $750,000 Direct materials used in production $650,000 Direct materials per unit cost $8 Factory Electricity $185,000 Administrative Office Electricity $50,000 Advertising expense $200,000 $210,000 Factory Rent Administrative Office Rent $135,000 Administrative staff's salaries $230,000 Factory equipment depreciation $230,000 Office Equipment Depreciation $47,852 Required: Write journal entries for the following transactions: (a) Record the journal entry for direct labour used in production (1 mark) (b) Record the journal entry for the purchase of direct materials on credit (1 mark) (c) Record the journal entry for direct materials used in production (1 mark) (d) Record the journal entry for overhead applied for the period (1 mark) (e) Record the journal entry for actual overhead for the period (1 mark)

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