If Actual Direct Labor Cost Was $7,560 and Standard Labor

question 29

Multiple Choice

If actual direct labor cost was $7,560 and standard labor cost was $7,000,the journal entry to record this would include:

• A)A credit to the labor rate variance account of $560 and a credit to Direct Labor of $7,000.
• B)A debit to the labor rate variance account of $560 and a debit to Direct Labor of $7,000.
• C)A credit to the labor rate variance account of $560 and a debit to Direct Labor of $7,560.
• D)A debit to the labor rate variance account of $560 and a credit to Direct Labor of $7,560.

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Definitions:

Psychographic Study

Research focused on understanding the psychological attributes of individuals, including attitudes, interests, and opinions, often to inform marketing strategies.

Problem Kids

A term used to describe children displaying behavioral, emotional, or learning difficulties that challenge parents, teachers, or caregivers.

AIO Statements

Statements concerning activities, interests, and opinions used in lifestyle or psychographic segmentation to understand consumer behaviors.

Interests

Preferences or areas of focus that hold an individual's attention and enthusiasm, often leading to exploration, engagement, and satisfaction in learning or activities.