Multiple Choice
How is the direct labor rate variance calculated?
A) The difference between the standard labor rate and the actual labor rate multiplied by the actual labor hours used
B) The difference between the standard labor rate and the actual labor rate multiplied by the standard allowable hours
C) The difference between the standard labor hours and the allowable labor hours
D) The difference between the standard labor rate and the actual labor rate
Correct Answer:
Verified
Correct Answer:
Verified
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