Standard Labor Costs: Manor Lands, Inc., has a standard labor cost of $55 per unit of output.

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Standard Labor Costs: Manor Lands, Inc., has a standard labor cost of $55 per unit of output. During the past month. 3,000 output units were manufactured. The total labor-hours allowed for this output were 22,000 hours. The actual labor costs were $161,280. Actual labor- hours were 22,600.

Required: Prepare journal entries to record these transactions.

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Cost Accounting

ISBN: 9780256069198

3rd Edition

Authors: Edward B. Deakin, Michael Maher

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