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.

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Definitions:

Varies

To differ in size, amount, degree, or nature from something else in a group, set, or series.

Oral Reprimands

Verbal warnings or admonishments given to an employee for unsatisfactory performance or behavior.

Specific Behaviors

Particular actions or conduct exhibited by individuals in various situations, often observed to understand or predict psychological phenomena.

Appropriate

Suitable or proper in the circumstances.