The difference between the actual wages paid to employees and the standard wages for all hours worked is the labor efficiency variance.

Name: The difference between the actual wages paid to employees and the standard wages for all hours worked is the labor efficiency variance.
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Quizplus · Accepted Answer

The difference between actual wages paid and standard wages is the labor rate variance, not the labor efficiency variance. Labor efficiency variance measures the difference in hours worked versus hours expected.

The Difference Between the Actual Wages Paid to Employees and the Standard