The Labour Rate Variance Is Calculated as

question 48

Multiple Choice

The labour rate variance is calculated as

• A)(Actual hourly wage rate - Standard hourly wage rate) * Actual direct labour hours used.
• B)(Actual hourly wage rate - Standard hourly wage rate) * Standard direct labour hours that should have been used.
• C)(Actual direct labour hours used - Standard direct labour hours that should have been used) * Actual hourly wage rate.
• D)(Actual direct labour hours used - Standard direct labour hours that should have been used) * Standard hourly wage rate.

---

Definitions:

Procrastinate

The action of delaying or postponing tasks, often leading to stress, anxiety, and reduced productivity.

Unwanted Responsibilities

Tasks or duties that are assigned or expected of an individual but are not desired or welcomed by them.

Minimize Procrastination

Refers to strategies and techniques employed to reduce the tendency to delay tasks that need to be accomplished.

Report

A formal account or statement describing the findings, observations, or progress of a particular project or investigation, often presented in written format.