Match Each of the Following Calculations with Their Corresponding Variance

question 42

Multiple Choice

Match each of the following calculations with their corresponding variance.
-Labour rate variance

• A)Actual quantity × actual price
• B)(Actual hours × actual rate) - (standard hours × standard rate)
• C)(Actual quantity × actual price) - (standard quantity × standard price)
• D)(Actual hours - standard hours) × standard rate
• E)(Actual price - standard price) × actual quantity
• F)Standard quantity × standard price
• G)(Actual rate - standard rate) × actual hours
• H)(Actual quantity - standard quantity) × standard price

---

Definitions:

Competitor

An individual or company that competes against others for the same market share or audience in an industry.

Quick Sale

A quick sale refers to the rapid sale of assets, typically real estate, often at a lower price to ensure a fast transaction.

Sale Price

The final price at which an item is sold after any discounts or deductions have been applied.

Invoice

A document issued by a seller to a buyer that lists products or services provided along with the total amount due for payment.