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If a Company Assigns Factory Labor to Production at a Cost

Question 144

Multiple Choice

If a company assigns factory labor to production at a cost of $84000 when standard cost is $80000 it will


A) debit Labor Price Variance for $4000.
B) credit Labor Price Variance for $4000.
C) debit Labor Quantity Variance for $4000.
D) credit Labor Quantity Variance for $4000.

Correct Answer:

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