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Commerce · Q1265

Costing

Graduate and Post Graduate · Commerce · question 1265

Q1265

Total Labour cost variance =

A.
Standard cost of labour - actual cost of labour
Answer
B.
Standard rate (standard time for actual output - actual time worked)
C.
Standard rate (standard time for actual output - actual time paid for)
D.
Actual time taken (standard rate - actual rate)

Answer: Option A

Solution

Answer: Option A
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