Homework Question 3 of 6 -/1 View Policies Current Attempt in Progress The Handley Company uses a standard costing system. In August, 5.850 actual labor hours were worked at a rate of $12.00 per hour. The standard number of hours is 5,370 and the standard wage rate is $13.20 per hour. Determine the Labor Rate and Variance Labor Efficiency Variance. (Enter all variance as a positive number) $ Labor Rate Variance Labor Efficiency Variance $ v e Textbook and Media List of Accounts M 11: Homework Question 3 of 6 -/1 Record the related journal entry to record labor cost. (Credit account titles are automatically Indented when the amounts entered. Do not indent manually) Account Titles and Explanation Debil Credit (To record labor cost) eTextbook and Media List of Accounts