Bodacious corporation produced 100 units of product aa. the total standard and actual costs for materials and direct labor for the 100 units of product aa are as follows: materials: standard actual standard: 200 pounds at $3.00 per pound $600 actual: 220 pounds at $2.85 per pound $627 direct labor: standard: 400 hours at $15.00 per hour 6,000 actual: 368 hours at $16.50 per hour $6,072 what is the journal entry to record labor variances?

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: