Use the Following Information for the Next 2 Questions

question 87

Multiple Choice

Use the following information for the next 2 questions.
Keyport, Inc. uses a standard job cost system. The standard price for direct material is $15 per ounce, and Keyport used 60,000 ounces this period. The standard quantity allowed for direct materials this period was 58,000 ounces. The standard price for direct labor is $9 per hour, and Keyport used 5,000 direct labor hours, at an actual cost of $10 per hour this period. The standard quantity allowed for direct labor this period was 5,200 hours.
-The entry to record the usage of direct labor would include a

• A) Debit to Direct labor efficiency variance for $1,800
• B) Credit to Work in process inventory for $3,200
• C) Debit to Direct labor price variance for $5,000
• D) Debit to Accrued payroll for $3,200

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Definitions:

Global Homogeneity

The process or state where cultures around the world become increasingly similar to one another, often due to globalization and the spread of Western culture.

Global Diversity

Refers to the variety and differences among people and cultures around the world.

Semiperipheral Country

A nation that is intermediate between the core and periphery countries in the global economy, exhibiting traits of both industrialization and dependency.

Colonial Past

The period in a country's history when it was controlled and exploited by a foreign power, impacting its development, culture, and social structure.