The Direct Labour Rate Variance for March Is

question 98

Multiple Choice

The direct labour rate variance for March is:

• A) $8,000 favourable.
• B) $8,000 unfavourable.
• C) $48,000 unfavourable.
• D) $48,000 favourable.

---

Definitions:

Equity Method

An accounting technique used by a company to record its investment in another company when it has significant influence but does not have full control over that company.

Fair Value

An estimate of the price at which an asset or liability could be traded in an orderly transaction between market participants at the measurement date.