Bodacious Corporation produced 100 units of Product AA. The total standard and actual costs for materials and direct labor for the 100 units of Product AA are as follows:

Materials:		Standard	Actual
Standard:	200 pounds at $3.00 per pound	$600
Actual:	220 pounds at $2.85 per pound		$627
Direct labor:
Standard:	400 hours at $15.00 per hour	6,000
Actual:	368 hours at $16.50 per hour		6,072

What is the journal entry to record labor variances?

Select one:

a. Work in Process 6,072

Payroll 6,072

b. Payroll 6,072

Work in Process 6,072

c. Work in Process 6,000

Labor Rate Variance 552

Labor Efficiency Variance 480

Payroll 6,072

d. Work in Process 6,000

Labor Efficiency Variance 552

Labor Rate Variance 480

Payroll 6,072

Bodacious Corporation produced 100 units of Product AA. The total standard and actual costs for materials and direct labor for the 100 units of Product AA are as follows:

Materials:		Standard	Actual
Standard:	200 pounds at $3.00 per pound	$600
Actual:	220 pounds at $2.85 per pound		$627
Direct labor:
Standard:	400 hours at $15.00 per hour	$6,000
Actual:	368 hours at $16.50 per hour		$6,072

What is the labor efficiency variance for Bodacious Corporation?

Select one:

a. $480 (U)

b. $480 (F)

c. $552 (U)

d. $552 (F)