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Commerce · Q1004

Costing

Graduate and Post Graduate · Commerce · question 1004

Q1004

Labour rate variance is computed by multiplying the:

A.
Standard labour rate with the difference between standard labour hours and actual labour hours
B.
Actual labour hours with the difference between standard labour hours and actual labour hours
C.
Actual labour rate with the difference between standard labour rate and actual labour hours
D.
None of the above
Answer

Answer: Option D

Solution

Answer: Option D
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