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21 March, 08:40

Which of the following is the correct mathematical representation of direct labor rate variance (LRV) ?

A. Direct labor rate variance = (Actual hourly wage rate - Standard hourly wage rate) * Actual direct labor hours used

B. Direct labor rate variance = (Standard direct labor hours allowed - Actual direct labor hours used) * Standard hourly wage rate

C. Direct labor rate variance = Actual hourly wage rate - Standard hourly wage rate

D. Direct labor rate variance = Standard direct labor hours allowed - Actual direct labor hours used

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  1. 21 March, 11:04
    0
    Answer: not in any option

    Explanation: Labour rate variance = (standard Labour hour - actual Labour hour) * actual Labour hour.
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