Sheffield, Inc. incurred direct labor costs of $68,400 for 7,600 hours. The standard labor cost was $69,920. The standard hours were 7.960. Journalize the transactions for Sheffield, Inc. to account for this activity. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Round Intermediate calculation to 3 decimal places, e.g. 5.275 and final answers to O decimal places, eg. 5,275.) No. Account Titles and Explanation (a) Factory Labor Labor Price Variance Factory Wages Payable (b) Work in Process Inventory Labor Quantity Variance Factory Labor Debit Credit