The Labour Rate Variance Is Calculated as

question 52

Multiple Choice

The labour rate variance is calculated as

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

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Definitions:

Control Panel Window

A component of the operating system interface providing access to system settings and controls.

Category View

A display format in software applications where items or options are organized and shown based on predefined categories.

Standard User Account

A standard user account is a type of computer account that has permissions to perform day-to-day tasks but does not have the rights to make changes affecting other users or the security of the system.

System Settings

Adjustments and preferences that can be set on a computer or device to control its operations and functionalities.