Colfax Company Incurred Production Labor Costs of $5,400 in February

question 62

Multiple Choice

Colfax Company incurred production labor costs of $5,400 in February (payable in March) for work requiring 1,100 standard hours at a standard rate of $15 per hour;1,200 actual direct labor hours were worked.Based on this information,which one of the following would be included in the journal entry to record the labor costs?

• A)$16,500 credit to Work-in-process Inventory.
• B)$1,500 credit to Labor Efficiency Variance.
• C)$16,200 credit to Wages Payable.
• D)$1,500 credit to Labor Rate Variance.
• E)None of the answer choices is correct.

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