The labor rate variance is computed by
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) .
E) none of these.
Correct Answer:
Verified
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