Question
11 Melrose Inc. uses standard costing. Last period, its flexible budget for labor was $161,000. The direct labor rate variance was $8,400 favorable, and
11 Melrose Inc. uses standard costing. Last period, its flexible budget for labor was $161,000. The direct labor rate variance was $8,400 favorable, and the direct labor efficiency variance was $7,700 unfavorable. In the journal entry to record the use of direct labor, the amount credited to wages payable would be: 8 01:25:46 Multiple Choice $168,700. $161,000. $168,000. $160,300.
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
13th edition
133428532, 978-0133428537
