Farrel Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: 
What is the journal entry to record the direct and indirect labor costs incurred during the year?
Definitions:
Average Total Cost
The total cost divided by the number of goods produced, representing the per-unit cost of production.
Profit-Maximizing Monopoly
A market condition where a single seller dominates, aiming to achieve the highest possible profit by controlling prices and output.
Total Profit
The total income of a business after all expenses and costs have been deducted from its total revenue.
Optimum Efficiency
The state in which resources are allocated in the most efficient manner possible, maximizing outputs while minimizing wastes and costs.
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