Multiple Choice
Melrose Inc. uses standard costing. Last period, it spent $145,000 for labor. The direct labor rate variance was $5,000 favorable, and the direct labor efficiency variance was $6,000 unfavorable. In the journal entry to record the use of direct labor, the amount debited to cost of goods sold would be:
A) $144,000.
B) $145,000.
C) $150,000.
D) $151,000.
Correct Answer:
Verified
Correct Answer:
Verified
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