Question: Brief Exercise 24.7 (Static) Journal Entry for Direct Labor (LO24-3) A popular product manufactured by Party-On! is a festively decorated punch bowl. The companys standard
Brief Exercise 24.7 (Static) Journal Entry for Direct Labor (LO24-3) A popular product manufactured by Party-On! is a festively decorated punch bowl. The companys standard cost system calls for 0.10 hours of direct labor per bowl, at a standard wage rate of $16. During September, Party-On! produced 1,200 of these bowls at an actual direct labor cost of $2,160 for 180 direct labor hours.
Provide the journal entry for direct labor usage for the month of September for Party-On!.
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