The labour cost variance may be expressed as which of the following?
A. Budgeted labour cost- actual labour cost
B. (Std.wage rate actual wage rate) x actual rate
C. Std.wage rate x output achieved actual hours
D. (Std. hours produced actual hours) x Std.wage rate.
Answer:C
The labour cost variance may be expressed as which of the following?
A. Budgeted labour cost- actual labour cost B. (Std.wage rate actual wage rate) x actual rate C. Std.wage rate x output achieved actual hours D. (Std. hours produced actual hours) x Std.wage rate.