If the wage rate paid per hour differs from the standard wage rate per hour for direct labor, the variance is a
A) variable variance
B) rate variance
C) quantity variance
D) volume variance

Question

Quizplus · Accepted Answer

If the wage rate differs from the standard rate, the variance is a rate variance. This variance measures the difference between the actual rate paid and the standard rate per hour.

If the Wage Rate Paid Per Hour Differs from the Standard