Brief Exercise 23-9 No. Account Titles and Explanation Debit Credit (a) (b) Open

Question

Brief Exercise 23-9

No.

Account Titles and Explanation

Debit

Credit

(a)

(b)

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Brief Exercise 23-9

Journalize the following transactions for Shelton, Inc
(a) Incurred direct labor costs of $23,000 for 3,200 hours. The standard labor cost was $24,128. (b) Assigned 3,200 direct labor hours costing $23,000 to production. Standard hours were 3,370.
(Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 125.)

No.

Account Titles and Explanation

Debit

Credit

(a)

(b)

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Explanation / Answer

a Factory Labor                         24,128     Labor Price Variance                            1,128     Wages Payable                         23,000 b Work in Process Inventory (3,370 × $7.54*)                         25,410     Labor Quantity Variance                            1,282     Factory Labor                         24,128 *$7.54 = $24,128 ÷ 3,200 hours

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