QUESTION 25 Kristen Company produces pournet chocolate bars and uses a standard costing system. The company recently used 600 labor hours to produce 50.400 units, The company's actual payrol cost anounted to 59000 . The company budgeted 40,000 units in 500 hours with $7,500 in total payroll costs. Laka the buimal entry to record the purchase and use of labor (make suie to indicate debit or credit). (12 points) Drvia Concuny mates a single probuct and uses a standard costing system that apples overhesd on the basis of divect labor hours. They recently used 2,000 labor hours to produce 400 unts. Ther static tudget indicated enpeciasions of 600 unss. 2,400 DU hand $54,000 in variable overhead. Actual VoH totaled $40,000. On your scratch piece of paper, you will find teevant I accounts for this problem I wir feview your scralch paper for partal credit On this exarn, Dlease make and label the entries for: a. Asploation of VO4 (6 point) th Stenaing on Vort ( p ponts) c. Ciodrg out the VoH ascount 16 poirsi) d. Cleing out be voti variance accounts (3 points) (You do not need te make other entres such as finshing WP or seting goods: In fack, you dont have enough information to make those entries.) For the tooby, press ALLTHFIOIPC) or ALT . FNVF 10 Mach