Question

Macy Corporation manufactures custom cabinets for kchers. It uses a normal.cong system with two direct cost Categories direct materials and direct manufacturing labor and one indirect cost pool, manufacturing overhead costs It provides the follown Wormation for April 2020: Click the loon to view the information for 2020) The following formation is also available for 2020 (Click the foon to view the additional information) Data Table Present the journal entry for (a) usage of direct and indirect materials (Record debits first, then credits. Explanations and Journal Entry Account Dela Credit $ 1.295,000 Budgeted manufacturing overhead costs Budgeted direct manufacturing labor hours ca 37,000 hours Done Present the malentry for a mancing birincurred Journal Entry Account Debit Credo Actual direct materials used 30.000 Actual direct manufacturing laberts paldin cash S 55.000 Indirect matused Supervision and engineering salariespaid in cash 45.000 Plantilities and repairs paid in cash $ 13 000 Plant depreciation 18.000 Actual direct manufacturing labor hours 3,200 Cost of individual jobs completed and transferred to finished goods $ 230,000 Cost of goods sold $ 150,000 Present the journal entry for manding overhead costs roured Joumal Entry Accounts Debit Credit Print Done Choose from any or any number in the rout fields and then continue to the next question

Answer 1

(a). Direct material $30000

Indirect material $3600

Accounts payable $33600

(b). Manufacturing labour expenses $55000

Cash. $55000

(c). Manufacturing overhead $112000

Factory wages payable $112000

(d). Manufacturing overhead $18000

Plant depreciation    $18000

(e). Finished goods inventory $230000

Work in progress inventory $230000

(f). Cost of goods sold $195000

Purchases. $195000