-The direct labor rate variance is

Name: -The direct labor rate variance is
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Question

Quizplus · Accepted Answer

The direct labor rate variance is calculated as the difference between the actual cost of labor and the expected (or standard) cost of labor, adjusted for the actual hours worked. A favorable variance occurs when the actual labor cost is less than the expected labor cost, indicating cost savings. Therefore, if the variance is described as favorable, it means the actual costs were lower than expected, which matches choice B.

-The Direct Labor Rate Variance Is