Vander waal Company uses a standard costing system. In August, 5.420 actual labor hours were worked at a rate of $12.40 per hour. The standard number of hours is 5.180 and the standard wage rate is $13 20 per hour. Record the related journal entries to record labor cost. (credit account titles are automatically indented when the amount is entered. Do not indent manually.) Determine the Labor Rate and variance Labor Efficiency variance