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Eagle Company uses a standard cost system which has provided the following data: Units of output manufactured: 85 Direct labor: Standard hours allowed: 2 hours
Eagle Company uses a standard cost system which has provided the following data:
| Units of output manufactured: | 85 |
| Direct labor: | |
| Standard hours allowed: | 2 hours per unit of product |
| Standard wage rate: | $16.40 per hour |
| Actual direct labor: | 190 hours, total cost of $3,496 |
rev: 11_19_2013_QC_40791
51.
| The direct labor rate variance for the period was: |
| $708 favorable. | |
| $380 favorable. | |
| $380 unfavorable. | |
| $708 unfavorable. |
52.
| The direct labor efficiency variance for the period was: |
| $380 favorable. | |
| $380 unfavorable. | |
| $328 favorable. | |
| $328 unfavorable. |
53.
| The journal entry to record the cost of direct labor used in this period includes: |
| A debit to Work in Process Inventory of $3,116. | |
| A debit to Work in Process Inventory of $2,788. | |
| A credit to Direct Labor Rate Variance of $380. | |
| A credit to Direct Labor Rate Variance of $328. |
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