i Data Table The following direct labor variance analysis was performed for Goldman. (Click the icon to view the labor variance analysis.) AC XAQ Read the requirements. SC XAQ $13.00 per DLHr SC XSC $13.00 per $10.00 per DLHr 1,700 DLHO 1,700 DLHr $22,100 1,250 DL $16,250 $17,000 Requirement 1. Record Goldman's direct labor journal entry (use Wages Payable). Journalize the incurrence and assignment of direct labor costs, including the related variances. (Prepare a single compound journal entry. Record Date Accounts and Explanation Debit Credit Work-in-Process Inventory Direct Labor Efficiency Variance Wages Payable Cost Efficiency Variance Variance Direct Labor Cost Variance $5,100 F $5,850 U Requirement 2. Explain what management will do with this variance information. Print Done enough for Goldman's management to know that a variance occurred. They why it occurred. Each of the direct la