K Huckvale Corporation manufactures custom cabinets for kitchens. It uses a normal-costing system with two direct...
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K Huckvale Corporation manufactures custom cabinets for kitchens. It uses a normal-costing system with two direct cost categories direct materials and direct manufacturing labor-and one indirect cost pool, manufacturing overhead costs. It provides the following information for April 2020: (Click the icon to view the information for 2020.) *** Journal Entry Accounts The following information is also available for 2020: (Click the icon to view the additional Present the journal entry for (a) usage of direct and indirect materials. (Record debits first, then credits. Explanations are not required.) information.) Read the requirement. Debit Credit Data table Actual direct materials used Actual direct manufacturing labor costs paid in cash Indirect materials used. Supervision and engineering salaries paid in cash Plant utilities and repairs paid in cash Plant depreciation Actual direct manufacturing labor-hours Cost of individual jobs completed and transferred to finished goods $ Cost of goods sold $ - X $ 20,000 $ 50,000 S 2,000 S 49,000 $ 7,000 $ 20,000 3,000 230,000 225,000 on is also available for iew the additional then credits bit Save Credit Data table Budgeted manufacturing overhead costs Budgeted direct manufacturing labor-hours $ 1,160,000 29,000 hours X nt st, then cre K Huckvale Corporation manufactures custom cabinets for kitchens. It uses a normal-costing system with two direct cost categories direct materials and direct manufacturing labor-and one indirect cost pool, manufacturing overhead costs. It provides the following information for April 2020: (Click the icon to view the information for 2020.) *** Journal Entry Accounts The following information is also available for 2020: (Click the icon to view the additional Present the journal entry for (a) usage of direct and indirect materials. (Record debits first, then credits. Explanations are not required.) information.) Read the requirement. Debit Credit Data table Actual direct materials used Actual direct manufacturing labor costs paid in cash Indirect materials used. Supervision and engineering salaries paid in cash Plant utilities and repairs paid in cash Plant depreciation Actual direct manufacturing labor-hours Cost of individual jobs completed and transferred to finished goods $ Cost of goods sold $ - X $ 20,000 $ 50,000 S 2,000 S 49,000 $ 7,000 $ 20,000 3,000 230,000 225,000 on is also available for iew the additional then credits bit Save Credit Data table Budgeted manufacturing overhead costs Budgeted direct manufacturing labor-hours $ 1,160,000 29,000 hours X nt st, then cre
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Cost Accounting A Managerial Emphasis
ISBN: 978-0133138443
7th Canadian Edition
Authors: Srikant M. Datar, Madhav V. Rajan, Charles T. Horngren, Louis Beaubien, Chris Graham
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