Multiple Choice
What is the correct formula for the direct labour rate variance?
A) Actual expenditure on direct labour for actual production - expected expenditure on direct labour for actual production.
B) (Expected direct labour hours for actual production - actual direct labour hours for actual production) x the standard cost for one hour of direct labour.
C) What the actual direct labour hours for actual production should have cost - what the actual direct labour hours for actual production actually cost.
D) What the direct labour for expected production should have cost - what the direct labour for actual production actually cost.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: MSC Limited uses a standard costing system
Q15: Which one of the following is the
Q16: ABC Limited uses a standard costing system
Q17: JMJ Limited operates a standard costing system
Q18: ZDT Limited uses a standard costing system
Q20: Podcaster University Press uses a standard costing
Q21: BCD Limited uses a standard costing system
Q22: QRS Limited uses a standard costing system
Q23: TST Limited uses a standard costing system
Q24: A standard cost is just a best