The following data relate to direct labor costs for the current period: Standard costs Actual costs 6,800 hours at $11.10 6,100 hours at $10.60 The direct labor time variance is a. $7,770 unfavorable Ob. $7,420 favorable c. $7,420 unfavorable Od. $7,770 favorable On April 1, 11,000 shares of $5 par common stock were issued at $24, and on April 7, 3,000 shares of $50 par preferred stock were issued at $106. Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank. Apr. 1 Apr. 7 Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $17,840 Direct labor 23,159 Factory overhead 35,183 Work in process inventory, March 1 15,741 Work in process inventory, March 31 20,736 Finished goods inventory, March 1 20,434 Finished goods inventory, March 31 24,852 a. Determine the cost of goods manufactured. b. Determine the cost of goods sold