Match each of the following calculations with their corresponding variance.
-Labour rate variance
A) Actual quantity × actual price
B) (Actual hours × actual rate) - (standard hours × standard rate)
C) (Actual quantity × actual price) - (standard quantity × standard price)
D) (Actual hours - standard hours) × standard rate
E) (Actual price - standard price) × actual quantity
F) Standard quantity × standard price
G) (Actual rate - standard rate) × actual hours
H) (Actual quantity - standard quantity) × standard price
Correct Answer:
Verified
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