The following information pertains to William Company: 
What is the entry to record the direct labor cost and variances?
A) Payroll 30,000 Labor rate variance 500
Labor efficiency variance 2,500
Accrued payroll 33,000
B) Work in process 27,000 Labor rate variance 500
Labor efficiency variance 2,500
Payroll 30,000
C) Work in process 30,000 Payroll 30,000
D) Work in process 27,000 Labor variances 3,000
Payroll 30,000
Correct Answer:
Verified
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