TB MC Qu. 10B-85 (Static) Kita Corporation manufactures one... Kita Corporation manutactures one product it does not mahtain any beginning or ending Work in Process inventories. The compary ises a standard cost system in which inventories are recorded at theic standard costs. There is no variable manutacturing overhead, The standard cost card for the companys only product is as follows: Duting the year, the compory assigned direct loboc conts to woek in process. The direct labor warkess (who were paid in cash) worked 24.820 hours at an ayerape cost of 32120 per hour Assume that al tramsctions are recorded on the below worksheet, which is simiar to the worksheet theme in your text except that it has been divded into two parts 10 that if fits on one page. The beginning batances in each of the accounts have been given. PFSE (not saads for Property, Pant, acd fquipment net of degreciation. When the drect iabor cont is recorded in tansaction ic above, which of the focowng enties will be made? Mutiolosice Process inventories. The company uses a standard cost system in which e standard cost card for the company's only product is as follows: orkers (who were paid in cash) worked 24,820 hours at an average cost of kheet shown in your text except that it has been divided into two parts so that it stands for Property, Plant, and Equipment net of depreciation. will be made? When the direct labor cost is recorded in transaction (c) above, which of the following entries will be made? Multiple Choice ($6,150) in the Labor Rate Variance column $6,150 in the Labor Efficiency Variance column $6,150 in the Labor Rate Variance column ($6,150) in the Labor Efficiency Variance column