Figure 9-2 Bender Corporation produced 100 units of Product AA.The total standard and actual costs for materials and direct labor for the 100 units of Product AA are as follows:

-Refer to Figure 9-2.What is the journal entry to record labor variances?
A) Work in Process 6,072 Payroll 6,072
B) Payroll 6,072 Work in Process 6,072
C) Work in Process 6,000 Labor Efficiency Variance 552 Labor Rate Variance 480 Payroll 6,072
D) Work in Process 6,000 Labor Rate Variance 552 Labor Efficiency Variance 480 Payroll 6,072

Question

Figure 9-2 Bender Corporation produced 100 units of Product AA.The total standard and actual costs for materials and direct labor for the 100 units of Product AA are as follows:

-Refer to Figure 9-2.What is the journal entry to record labor variances?
A) Work in Process 6,072 Payroll 6,072 
B) Payroll 6,072 Work in Process 6,072 
C) Work in Process 6,000 Labor Efficiency Variance 552 Labor Rate Variance 480 Payroll 6,072 
D) Work in Process 6,000 Labor Rate Variance 552 Labor Efficiency Variance 480 Payroll 6,072

Quizplus · Accepted Answer

The Answer of Figure 9-2 Bender Corporation produced 100 units of Product AA.The total standard and actual costs for materials and direct labor for the 100 units of Product AA are as follows:

-Refer to Figure 9-2.What is the journal entry to record labor variances?
A) Work in Process 6,072 Payroll 6,072 
B) Payroll 6,072 Work in Process 6,072 
C) Work in Process 6,000 Labor Efficiency Variance 552 Labor Rate Variance 480 Payroll 6,072 
D) Work in Process 6,000 Labor Rate Variance 552 Labor Efficiency Variance 480 Payroll 6,072

Figure 9-2 Bender Corporation Produced 100 Units of Product AA