MCQOPTIONS
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MCQOPTIONS
| 1. |
The formula used for calculation of labor rate variance is |
| A. | Total standard labour cost of actual output - Total actual cost of actual output |
| B. | (Standard rate per hour - Actual rate per hour) * Actual Hours |
| C. | (Standard time - Actual time) * Standard rate per hour |
| D. | Abnormal idle hours * Standard hourly rate |
| Answer» C. (Standard time - Actual time) * Standard rate per hour | |