In: Accounting
Green Angel Inc.'s direct labor cost information for April 2020 is as follows.
Standard Costs:
Units of Production: 7,600 units
Hours of Production: .75 hour
Wage Rate: $13.60 per hour
Actual Costs:
Units of Production: 7,600 units
Total Hours of Production: 5,900 hours
Wage Rate: $13.80 per hour
Prepare the journal entries to record standard costs, actual costs, and related variances for direct labor. (Hint: the related accounts include work-in-process, wages payable, rate variance, and efficiency variance) SHOW WORK PLEASE