Voltox incorporated uses a standard costing system. it has calculated a direct labor rate variance of $3,750, unfavorable, and a direct labor efficiency variance of $2,750, favorable. the journal entry to record the direct labor costs includes a
O Debit to Direct Labor Rate Variance for $3,750
O Debit to Direct Labor Efficiency Variance for $2,750
O Credit to Wages Payable or Cash for $6,500
O Credit to Cost of Goods Sold for $6,500