Multiple Choice
Which of the following is used to compute the labor rate variance?
A) (Fixed rate × Actual hours) - (Variable rate × Standard hours)
B) (Variable rate × Standard rate) - (Fixed rate × Actual hours)
C) (Actual rate × Standard hours) - (Standard rate × Actual hours)
D) (Actual rate × Actual hours) - (Standard rate × Actual hours)
E) None of these.
Correct Answer:
Verified
Correct Answer:
Verified
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