Match the Variance with Its Correct Calculation

Multiple Choice

Match the variance with its correct calculation.
-Labor Efficiency Variance

A) Actual Quantity × Actual Price
B) (Actual Hours × Actual Rate) − (Standard Hours × Standard Rate)
C) (Actual Quantity × Actual Price) − (Standard Quantity × Standard Price)
D) (Actual Hours − Standard Hours) × Standard Rate
E) (Actual Price − Standard Price) × Actual Quantity
F) Standard Quantity × Standard Price
G) (Actual Rate − Standard Rate) × Actual Hours
H) (Actual Quantity − Standard Quantity) × Standard Price