The Walla Walla Company uses a standard costing system. In August, 5,630 actual labor hours were worked at a rate of $12.50 per hour. The standard number of hours is 5,060 and the standard wage rate is $12.90 per hour.

Determine the Labor Rate and Variance Labor Efficiency Variance. (Enter all variance as a positive number.)

Labor Rate Variance		$		select an option: Unfavorable; Neither Unfavorable nor Favorable; Favorable
Labor Efficiency Variance		$		select an option: Unfavorable; Neither Unfavorable nor Favorable; Favorable

List of Accounts for below table:

• Accounts Payable
• Accounts Receivable
• Controllable Overhead Variance
• Cost of Goods Sold
• Finished Goods Inventory
• Labor Efficiency Variance
• Labor Rate Variance
• Material Price Variance
• Material Quantity Variance
• Manufacturing Overhead
• Miscellaneous Accounts
• Overhead Volume Variance
• Raw Materials Inventory
• Wages Payable
• Work in Process Inventory

Record the related journal entry to record labor cost. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit

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