[Note) This question and the next (or previous) question are based on the same data! Steelwater Corporation produces steel water tanks. Each water tank has a standard labor requirement of 2 hours. The standard direct labor costs assigned to each tank is $30. During the most recent month, 500 water tanks were produced using 1,100 labor hours at the wage rate of $13 per hour. Which of the following should appear in journal entries to record the use of direct labor in production during the period? Credit to Direct Labor Rate Variance for 18.700 Credit to Wages Payable for Cash for 16 500 Debit to Direct Labor Efficiency Variance for 3.000 Debit to Work-in-Process for 15.000