Answered You can hire a professional tutor to get the answer.

QUESTION

Huckvale Corporation manufactures custom cabinets for kitchens.

Huckvale Corporation manufactures custom cabinets for kitchens. It uses a normal costing system with two direct cost categorieslong dashdirect materials and direct manufacturing laborlong dashand one indirect cost​ pool, manufacturing overhead costs. It provides the following information for April 2017.

Actual direct materials used

$30,000

Actual direct manufacturing labor costs paid in cash

$50,000

Indirect materials used

$1,500

Supervision and engineering salaries paid in cash

$45,000

Plant utilities and repairs paid in cash

$13,000

Plant depreciation

$14,000

Actual direct manufacturing labor-hours

3,100

Cost of individual jobs completed and transferred to finished goods

$160,000

Cost of goods sold

$125,000

 Budgeted manufacturing overhead costs

$784,000

Budgeted direct manufacturing labor-hours

28,000

hours

Present journal entries for​ (a) usage of direct and indirect​ materials, (b) manufacturing labor​ incurred, (c) manufacturing overhead costs​ incurred, (d) allocation of manufacturing overhead costs to​ jobs, (e), cost of jobs completed and transferred to finished​ goods, and​ (f) cost of goods sold. ​(Assume the cost allocation base is direct labor​ hours.)

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question