Question: Andora Company reported the following information for the month of

Andora Company reported the following information for the month of November. The standard cost of labor for the month was $38,000, but actual wages paid were $37,300. Andora has calculated its direct labor rate and efficiency variances to be $1,500 favorable and $800 unfavorable, respectively. Prepare the necessary journal entry to record Andora’s direct labor cost for the month, assuming that standard labor costs are recorded directly to Cost of Goods Sold.


View Solution:


Sale on SolutionInn
Sales1
Views128
Comments
  • CreatedFebruary 27, 2015
  • Files Included
Post your question
5000