Viking Corp.uses a standard cost system to account for the costs of its product.(It only has one product. )Materials standards are 13 pounds of material at $1.40 per pound and 3 hours of labor at a standard wage rate of $14.During November,Viking Corp.produced and sold 2,300 units.Materials purchases totaled 30,100 pounds at a total cost of $42,650.Materials usage totaled 29,970 pounds.Payroll totaled $97,780 for 7,140 hours worked.Viking Corp.does not maintain inventories other than direct materials.Prepare journal entries to record the following transactions.
a.Direct materials purchase
b.Direct materials usage
c.Direct labor incurred
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