If a Company Assigns Factory Labor to Production at a Cost

question 172

Multiple Choice

If a company assigns factory labor to production at a cost of $84000 when standard cost is $80000 it will

• A) debit Labor Price Variance for $4000.
• B) credit Labor Price Variance for $4000.
• C) debit Labor Quantity Variance for $4000.
• D) credit Labor Quantity Variance for $4000.

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