The Perfect Tool Company (South America Division) produced 80,000 saw blades during the year.It took 1.5 hours of labor per blade at a rate of $8.50 per hour.However, its standard labor rate is $8.00.Its labor efficiency variance was an unfavorable $40,000.
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What is the journal entry to record both labor variances?
A) 
B) 
C) 
D) 
Correct Answer:
Verified
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