When the actual direct labor-hours exceeds the standard direct labor-hours allowed for the actual output of the period, the journal entry would include:
A) Credit to Wages Payable; Credit to Labor Efficiency Variance
B) Credit to Work-In-Process; Credit to Labor Efficiency Variance
C) Credit to Wages Payable; Debit to Labor Efficiency Variance
D) Credit to Work-In-Process; Debit to Labor Efficiency Variance
Correct Answer:
Verified
Q2: Liukko Corporation's standard wage rate is $14.90
Q3: A favorable materials quantity variance would appear
Q4: An unfavorable labor efficiency variance is recorded
Q5: The journal entry below: Q6: An unfavorable materials quantity variance is recorded Q7: An unfavorable labor rate variance is recorded Q8: When the actual price to purchase a Q9: When the actual price to purchase a Q10: If the actual purchase price for materials Q11: If the actual rate per direct labor-hour
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