Biology Forums - Study Force

The following information is available for Haven Industries:

Actual production

14,000 units

Budgeted production

14,400 units

Direct labor:

Standard

4 hours per unit at $10 per hour

Actual

54,720 hours at $9.80 per hour

Which of the following is the correct journal entry to record the direct labor payroll?

▸

Wages Payable	560,000	​
Direct Labor Efficiency Variance	​	12,800
Direct Labor Rate Variance	​	10,944
Work in Process Inventory	​	536,256

▸

Work in Process Inventory	536,256	​
Direct Labor Efficiency Variance	12,800	​
Direct Labor Rate Variance	10,944	​
Wages Payable	​	560,000

▸

Work in Process Inventory	560,000	​
Direct Labor Efficiency Variance	​	12,800
Direct Labor Rate Variance	​	10,944
Wages Payable	​	536,256

▸

Wages Payable	536,256	​
Direct Labor Efficiency Variance	12,800	​
Direct Labor Rate Variance	10,944	​
Work in Process Inventory	​	560,000

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