Multiple Choice
Which formula is used to calculate the labour efficiency variance?
A) (standard hours × actual hours) - (actual hours × standard rate)
B) (actual rate × actual hours) - (standard rate × actual hours)
C) (actual hours × standard rate) - (standard hours × standard rate)
D) (standard hours × actual rate) - (actual hours × actual rate)
Correct Answer:
Verified
Correct Answer:
Verified
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