Angler Corporation has provided the following data concerning its direct labor costs for November: Standard wage rate$14.70per DLHStandard hours 2.4DLHs per unitActual wage rate$14.80per DLHActual hours 5,990DLHsActual output 2,600unitsRequired:Prepare the journal entry to record the incurrence of direct labor costs.
What will be an ideal response?
| Work-in-process inventory ($14.70 × 6,240 DLHs*) | 91,728 | |
| Labor rate variance (5,990 DLHs × [$14.80 - $14.70]) | 599 | |
| Labor efficiency variance ($14.70 × [5,990 DLHs - 6,240 DLHs*]) | 3,675 | |
| Wages payable ($14.80 × 5,990 DLHs) | 88,652 |
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