If the actual direct labor hours spent producing a commodity differ from the standard hours, the variance is a _____ variance.
A)time
B)price
C)quantity
D)rate

Name: If the actual direct labor hours spent producing a commodity differ from the standard hours, the variance is a _____ variance. A)time B)price C)quantity D)rate
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Question

Quizplus · Accepted Answer

The time variance is the difference between the actual direct labor hours spent producing a commodity and the standard hours allowed for the production of that commodity.

If the Actual Direct Labor Hours Spent Producing a Commodity