Refer to your answer for Exercise 10€“31. Set up T-accounts, and post the journal entries to the general ledger.
In Exercise 10€“ 31,
The director of cost management for Odessa Company uses a statistical control chart to help management determine when to investigate variances. The critical value is 1 standard deviation. The company incurred the following direct- labor efficiency variances during the first six months of the current year.

The standard direct-labor cost during each of these months was $ 38,000. The controller has estimated that the firm€™s monthly direct- labor variances have a standard deviation of $ 1,900.

January February....1 March 500 F 1,600 U April May June $1,800 U 2,100 U 2.400U 1.400U