The following direct labor variance analysis was performed for Jackson. EEB Click the icon to view the labor variance analysis) Read the requirements Requirement1. Record Jackson's direct labor journal entry (use Wages Payable) Journalize the incurrence and assignment of direct labor costs, including the related variancas. (Prepare a single compound journal entry. Record debits first, then credits. Select the explanations on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Requirement 2. Explain what management will do with this variance information. lt | | enough for Jackson's management to know that a variance occurred. They why it occurred. Each of the direct labor variances will be Data Table SC x AC 513.00 per DLHr S16.00 per DLHr $16.00 per DLHr 1,700 DLHr 1.700 DLr 1.200 DLHr 522,100 $27.200 $19.200 Cost Efficiency Varlance $8,000 U Varlance Choose from any list or enter any number in the input fields and then continue to the next question. Print Done O Type here to search