Refer to 11.24. Prepare the journal entries for the direct labour price and efficiency variances. Assume that Forester’s Furniture uses a Wages Payable account to record direct labour.

Data from Exercise 11.24:

Following is information about Forester’s Furniture’s direct labour hours and wages last period.

Actual labour hours at the standard price per hour...........................................................$2,184

Actual labour hours at the actual price per hour.................................................................2,278

Standard labour hours at the standard price per hour........................................................2,275

Standard labour hours at the actual price per hour.............................................................2,373