4. Ramona Company has the following labor-related data Standard tabor hours for output: 15,000 hours Standard labor rate: $10 per hour Actual labor rate: 58 per hour Actual labor hours: 17,500 hours Given these data, which one of the following would be included in the single journal entry needed to record Wages Payable and the labor variances ? Credit Labor Efficiency Variance for $25,000 Debit Labor Rate Variance for $35,000 Credit Wages Payable for $175,000 Debit Worse-In-Process Inventory for $140,000 Crear Labor Rate Variance for $10,000 Credit Labor Rate Variance for $35.000 Creot Labor ciency Variance for $10,000