June 2015

1:

Labour Rate of Pay Variance can be calculated by which one of the following equations ?

A.

Budgeted Labour Costs-Actual Labour Costs

B.

(Standard Hours - Actual Hours) x Actual Wage Rate

C.

(Standard Wage Rate-Actual Wage Rate) x Actual Hours Worked

D.

(Standard Wage Rate-Actual Wage Rate) x Standard Hours Worked

 

Answer : C

Explanation :

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Option: A

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