menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Managerial Accounting Study Set 15
  4. Exam
    Exam 5: Journal Entries to Record Variances
  5. Question
    If the Actual Direct Labor-Hours Used Is Less Than the Standard
Solved

If the Actual Direct Labor-Hours Used Is Less Than the Standard

Question 23

Question 23

True/False

If the actual direct labor-hours used is less than the standard direct labor-hours allowed for the actual output, then the journal entry to record the Labor Efficiency Variance would be a credit.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q18: An unfavorable materials price variance is recorded

Q19: When the actual price to purchase a

Q20: When the actual direct labor-hours exceeds the

Q21: Compound K72R is used to make Munuz

Q22: During the month of May, Marian Manufacturing

Q24: An unfavorable materials quantity variance is recorded

Q25: The following standards have been established for

Q26: A favorable labor efficiency variance is recorded

Q27: Albert Manufacturing Company manufactures a single product.

Q28: Pinkney Corporation has provided the following data

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines