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