The calculation of the labor rate variance is:
A)Standard rate multiplied by (standard hours minus actual hours).
B)Standard hours multiplied by (standard rate minus actual rate).
C)Actual labor hours multiplied by (standard rate minus actual rate).
D)Actual rate multiplied by (standard hours minus actual hours).

Question

Quizplus · Accepted Answer

The labor rate variance is calculated by taking the actual labor hours worked and multiplying them by the difference between the standard rate and the actual rate.

The Calculation of the Labor Rate Variance Is