Which Formula Is Used to Calculate the Labour Efficiency Variance

question 171

Multiple Choice

Which formula is used to calculate the labour efficiency variance?

• A) (standard hours × actual hours) - (actual hours × standard rate)
• B) (actual rate × actual hours) - (standard rate × actual hours)
• C) (actual hours × standard rate) - (standard hours × standard rate)
• D) (standard hours × actual rate) - (actual hours × actual rate)

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Definitions:

State Field

A data field specifically used for storing the state portion of an address or geographical information in databases and applications.

Decimal Places Property

A numerical setting that determines the number of digits to the right of the decimal point in a numeric value.

Price Field

A specific field in databases or software applications designed to store monetary values representing the cost or price of items.

Subdatasheets

A feature in some database software that allows users to view and edit related data from a related table or query in a hierarchical format.