The Labor Rate Variance Is the Difference Between The

question 31

Multiple Choice

The labor rate variance is the difference between the:

• A) Actual labor hours and the standard labor hours multiplied by the standard labor rate
• B) Actual labor rate and the standard labor rate multiplied by standard hours
• C) Standard labor rate and the actual labor rate multiplied by the actual labor hours
• D) Standard labor rate and the actual labor rate multiplied by the difference in actual labor hours and standard labor costs

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