Managerial Accounting: E11-15 Vanderwaal Company uses a standard costing system

Managerial Accounting
E11-15 (Appendix) Recording Labor Variances
Vanderwaal Company uses a standard costing system. In August, 5,460 actual labor hours were worked at a rate of $12.40 per hour. The standard number of hours is 5,210 and the standard wage rate is $13.20 per hour.a. Determine the labor rate variance and labor efficiency variance.
b. Record the related journal entry to record labor cost.
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