Parson Manufacturing uses a standard cost system. The direct labor cost standard is $13 per direct...

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Parson Manufacturing uses a standard cost system. The direct labor cost standard is $13 per direct labor hour. The direct labor efficiency standard is 0.5 direct labor hour per unit. Actual direct labor for the month is 1,000 hours for a total cost of $14,000. Production for the month was 2,700 units. The journal entry to record direct labor incurred but not paid would be: OA. Work-in-Process Inventory Direct Labor Cost Variance 17,550 1,000 Direct Labor Efficiency Variance Wages Payable 4,550 14,000 OB. Work-in-Process Inventory 14,000 Direct Labor Cost Variance 4,550 Direct Labor Efficiency Variance Wages Payable 1,000 17,550 OC. Work in Process Inventory 17,550 Direct Labor Cost Variance 4,550 Direct Labor Efficiency Variance Wages Payable 1,000 21,100 OD. Work-in-Process Inventory Direct Labor Cost Variance 17,550 4,550 Direct Labor Efficiency Variance Wages Payable 1,000 23,100 Parson Manufacturing uses a standard cost system. The direct labor cost standard is $13 per direct labor hour. The direct labor efficiency standard is 0.5 direct labor hour per unit. Actual direct labor for the month is 1,000 hours for a total cost of $14,000. Production for the month was 2,700 units. The journal entry to record direct labor incurred but not paid would be: OA. Work-in-Process Inventory Direct Labor Cost Variance 17,550 1,000 Direct Labor Efficiency Variance Wages Payable 4,550 14,000 OB. Work-in-Process Inventory 14,000 Direct Labor Cost Variance 4,550 Direct Labor Efficiency Variance Wages Payable 1,000 17,550 OC. Work in Process Inventory 17,550 Direct Labor Cost Variance 4,550 Direct Labor Efficiency Variance Wages Payable 1,000 21,100 OD. Work-in-Process Inventory Direct Labor Cost Variance 17,550 4,550 Direct Labor Efficiency Variance Wages Payable 1,000 23,100