Skysong Corp. supplies its customers with high-quality canvas tents. These canvas tents sell for $170 each, with the following DM and usage and price expectations. Direct materials11 square yards per unit@ $5/square yard Direct labor

Direct labor 1.3 DL hours per unit @$14/DLhour Throughout the year, Skysong used 37,050 square yards of fabric in the process of making 3,250 tents. The company had originally planned to produce and sell 2,950 tents. In keeping with its desire to hold some DM inventory at year-end, it purchased 39.100 square yards of canvas at $5.20 per square yard. Skysong's DL cost totaled $61.425 for the 4.095 hours that were actually used. Record the journal entries to accompany these three transactions: (1) the purchase of DM on account, (2) the usage of DM., and (3) the DL the cost incurred (accrued).

Determine Skysong's DM and DL price and efficiency variances; specify the amount and sign for all. Record the journal entries to accompany these three transactions: (1) the purchase of DM on account, (2) the usage of DM, and (3 DL cost incurred (accrued). (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)