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A manufacturer uses standard costing. For the month, the labor price variance was unfavorable while...

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Question

Accounting

A manufacturer uses standard costing. For the month, the labor price variance was unfavorable while the labor quantity (efficiency) variance was zero. The journal entry to account for labor includes:

a.

debit labor price variance

b.

credit labor price variance

c.

debit Work-in-Process

d.

credit Work-in-Process

e.

both a and c

f.

both a and d

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