Viking Corp. uses a standard cost system to account for the costs of its product. (It only has one product.) Material 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. Material purchases totaled 30,100 pounds at a total cost of $42,650. Material 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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The Answer of Viking Corp. uses a standard cost system to account for the costs of its product. (It only has one product.) Material 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. Material purchases totaled 30,100 pounds at a total cost of $42,650. Material 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