The labor efficiency variance is calculated by the equation
A) (Standard Hours * Actual Hours) - (Actual Hours * Standard Rate) .
B) (Actual Rate * Actual Hours) - (Standard Rate * Actual Hours) .
C) (Actual Hours * Standard Rate) - (Standard Hours * Standard Rate) .
D) (Standard Hours* Actual Rate) - (Actual Hours * Actual Rate) .
E) None of these.
Correct Answer:
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