Q1031
The labour rate of pay variance can be calculated by which of the following equations?
A.
Budgeted labour costs - Actual labour costs
B.
(Standard hours - Actual hours) × Actual wage rate
C.
(Standard wage rate - Actual wage rate) × Actual hours worked
AnswerD.
(Standard wage rate - Actual wage rate) × Standard hours worked
Answer: Option C
Solution
Answer: Option C
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