Which Formula Is Used to Calculate the Labour Rate Variance

question 128

Multiple Choice

Which formula is used to calculate the labour rate variance?

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

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