Multiple Choice
If actual direct labor cost was $7,560 and standard labor cost was $7,000,the journal entry to record this would include:
A) A credit to the labor rate variance account of $560 and a credit to Direct Labor of $7,000.
B) A debit to the labor rate variance account of $560 and a debit to Direct Labor of $7,000.
C) A credit to the labor rate variance account of $560 and a debit to Direct Labor of $7,560.
D) A debit to the labor rate variance account of $560 and a credit to Direct Labor of $7,560.
Correct Answer:
Verified
Correct Answer:
Verified
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