Use the information below to answer the following questions.
-Refer to the table above. The labour variance can best be described as:

Question

Use the information below to answer the following questions. 
-Refer to the table above. The labour variance can best be described as:

Quizplus · Accepted Answer

The labour variance is described as favourable, which means that it resulted from the efficient use of labour and/or a reduction in the hourly pay rate. Option A is incorrect because an increase in pay rate would result in a negative or adverse variance. Option B is incorrect because it also describes an adverse variance. Option C is incorrect because it describes an efficiency variance, not specifically a labour variance.

Use the Information Below to Answer the Following Questions