2 pts D Question 9 Colfax Company incurred production labor costs of $5,400 in F

Question

2 pts D Question 9 Colfax Company incurred production labor costs of $5,400 in February (payable in March) for work requiring 1,100 standard hours at a standard rate of $15 per hour: 1.200 actual direct labor hours were worked. Based on this information, which one of the following would be included in the journal entry to record the labor costs? O $16,500 credit to work-in-process Inventory O $1.500 credit to Labor Efficiency Variance O $16,200 credit to Wages Payable. $1,500 credit to Labor Rate Variance. O None of the answer choices is correct

Explanation / Answer

Journal entry :

So answer is e) None of the choices are correct

Date account & explanation debit credit Work in process (1100*15) 16500 Labour efficiency variance 1500 Labour rate variance 12600 Wages payable 5400

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