If the actual hourly rate is greater than the standard hourly rate, the labor rate variance is labeled unfavorable (U).
Correct Answer:
Verified
Q11: The variable overhead efficiency variance does not
Q12: The standard price per unit for direct
Q13: An unfavorable materials quantity variance occurs when
Q14: If demand is insufficient to keep everyone
Q15: The materials price variance is computed based
Q17: The standard quantity or standard hours allowed
Q18: Material price variances are often isolated at
Q19: If demand is insufficient to keep everyone
Q20: The labor rate variance measures the difference
Q21: Poorly trained workers could have an unfavorable
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