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If a company assigns factory labor to production at a cost of $42,000 when standard cost is $40,000, it will:

A) debit Labor Price Variance for $2,000.

B) credit Labor Price Variance for $2,000.

C) debit Labor Quantity Variance for $2,000.

D) credit Labor Quantity Variance for $2,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9417678

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