**Recording Standards in Accounts**The Assembly Department produced 3,000 units of product during March. Each unit required 1.75 standard direct labor hours. There were 5,600 actual hours used in the Assembly Department during March at an actual rate of $12 per hour. The standard direct labor rate is $13 per hour.Assuming direct labor for a month is paid on the fifth day of the following month, journalize the direct labor in the Assembly Department on March 31. For a compound transaction, if an amount box does not require an entry, leave it blank.**Journal Entry section:**- March 31 - [Dropdown menu] [Amount box] [Amount box] - [Dropdown menu] [Amount box] [Amount box] - [Dropdown menu] [Amount box] [Amount box]**Note:** Use the dropdown menus and input boxes to correctly journalize the transaction based on the given information. Make sure to follow standard accounting practices for recording labor costs.

Compound entry refers to the entry that is passed in order to record the financial transactions. In…

Answered: March 31

Business

Accounting

March 31

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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