2 pts D Question 9 Colfax Company incurred production labor

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

Solution

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