If a company incurs direct labor cost of $41,000 when the standard cost is $42,000,...

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Accounting

If a company incurs direct labor cost of $41,000 when the standard cost is $42,000, it will a. debit Labor Price Variance for $1,000. b. credit Labor Price Variance for $1,000. c. debit Labor Quantity Variance for $1,000. d. credit Labor Quantity Variance for $1,000

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