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.) Present the journal entry for (a) usage of direct and indirect materials. (Record debits first, then credits. Explanations are not required.) Journal Entry Data table Actual direct materials used Actual direct manufacturing labor costs paid in cash Indirect materials used - X $ $ 20,000 50,000 $ 2,000 $ 49,000 $ $ 7,000 20,000 3,000 230,000 $ 225,000 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 The following information is also available for 2020: (Click the icon to view the additional information.) Read the requirement. Data table Budgeted manufacturing overhead costs Budgeted direct manufacturing labor-hours Print Done $ 1,160,000 29,000 hours - X
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.) Present the journal entry for (a) usage of direct and indirect materials. (Record debits first, then credits. Explanations are not required.) Journal Entry Data table Actual direct materials used Actual direct manufacturing labor costs paid in cash Indirect materials used - X $ $ 20,000 50,000 $ 2,000 $ 49,000 $ $ 7,000 20,000 3,000 230,000 $ 225,000 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 The following information is also available for 2020: (Click the icon to view the additional information.) Read the requirement. Data table Budgeted manufacturing overhead costs Budgeted direct manufacturing labor-hours Print Done $ 1,160,000 29,000 hours - X
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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.)
Data table
Actual direct materials used
Actual direct manufacturing labor costs paid in cash
Indirect materials used
Present the journal entry for (a) usage of direct and indirect materials. (Record debits first, then credits. Explanations are not required.)
Journal Entry
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
EA
$
SA
$
$
20,000
50,000
2,000
49,000
7,000
20,000
3,000
230,000
225,000
...
X
C
Data table
The following information is also available for 2020:
(Click the icon to view the additional information.)
Read the requirement.
Budgeted manufacturing overhead costs
Budgeted direct manufacturing labor-hours
Print
Done
1,160,000
29,000 hours
X
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Transcribed Image Text:Present the journal entry for (b) manufacturing labor incurred.
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