The journal entry below: indicates that:
A)the total labor variance was $800, unfavorable.
B)employees received an unexpected rate increase during the period.
C)more labor time was required to complete the output of the period than was allowed at standard.
D)Work in Process valued at $25,000 was completed and transferred to Finished Goods.

Question

The journal entry below:  indicates that:
A)the total labor variance was $800, unfavorable. 
B)employees received an unexpected rate increase during the period. 
C)more labor time was required to complete the output of the period than was allowed at standard. 
D)Work in Process valued at $25,000 was completed and transferred to Finished Goods.

Quizplus · Accepted Answer

The journal entry code "TB2490_00" indicates that it is related to labor. The "11eaaa1c_ad70_d32e_86f9_99bb1b2c0d48" code may be a unique identifier for the entry. The "_00" may suggest that this is the first entry related to labor for the period or project. The entry shows a debit to Work in Process suggesting that labor has been used in manufacturing. The $800 debit to labor indicates that more labor time was required to complete the output of the period than was allowed at standard. Therefore, choice C is the correct answer. The other choices do not have any support from the given information in the journal entry.

The Journal Entry Below: Indicates That