lebour rate variance is also called the lebour
Answers
Answered by
1
Answer:
The labor rate variance measures the difference between the actual and expected cost of labor. It is calculated as the difference between the actual labor rate paid and the standard rate, multiplied by the number of actual hours worked. The formula is:
(Actual rate - Standard rate) x Actual hours worked = Labor rate variance
Similar questions
Science,
1 month ago
Biology,
1 month ago
Hindi,
1 month ago
Computer Science,
2 months ago
Math,
10 months ago
Computer Science,
10 months ago