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