Andora company reported the following information for the month of November. The

Question

Andora company reported the following information for the month of November. The standard cost of labor for the month was $37,200. But actual wages paid were $40,600. Andora has calculated its direct labor rate and efficiency variances to be $520 favorable and $3,920 unfavorable, respectively.

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Hon e)-> C ezto.mheducat. E 90% v I.la search my.utrgv.edu ALGEBRA LoginSearch everything on .. (494 unread)- mikewa.. | D Most Visited Time 0:39:48 volue 10.00 points Andora Company reported the following information for the month of November The standard dst of labor for the month was 37,200, but actual wages paid were $40,600. Andora has calculated its direct labor rate and efficiency variances to be $520 favorable and $3,920 unfavorable, re Prepare the necessary joumal entry to record Andora's direct labor cost for the month, assuming that standard labor costs are recorded directly to Cost of Good Solc (lE no entry is required for a transaction/event, select t "No Journal Entry Required" in the first account field.) View transaction ist Journal entry worksheet Record direct labor cost for the month. Note: Enter debits before credits Transaction General Journal

Explanation / Answer

Journal entry :

Date account & explanation debit credit Work in process 37200 Labour efficiency variance 3920 Labour rate variance 520 Wages payable 40600 (To record direct labour cost)

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