Stanfa Corporation\'s standard wage rate is $10.30 per direct labor-hour (DLH) a

Question

Stanfa Corporation's standard wage rate is $10.30 per direct labor-hour (DLH) and according to the standards, each unit of output requires 9.00 DLHs. In January, 4,700 units were produced, the actual wage rate was $10.60 per DLH, and the actual hours were 32,350 DLHs. In the journal entry to record the incurrence of direct labor costs in January, the Work in Process entry would consist of a:

Stanfa Corporation's standard wage rate is $10.30 per direct labor-hour (DLH) and according to the standards, each unit of output requires 9.00 DLHs. In January, 4,700 units were produced, the actual wage rate was $10.60 per DLH, and the actual hours were 32,350 DLHs. In the journal entry to record the incurrence of direct labor costs in January, the Work in Process entry would consist of a:

Explanation / Answer

Direct labour cost will be 32350*10.6 = 342910 hence, debit of 342910.

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