If the actual labour rate is higher than the standard labour rate and the actual labour hours

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If the actual labour rate is higher than the standard labour rate and the actual labour hours are lower than the standard hours allowed, the labour variances will be as follows:

a. Tabour rate variance is unfavourable; labour efficiency variance is favourable

b. Labour rate variance is favourable; labour efficiency variance is favourable

c. Labour rate variance is unfavourable; labour efficiency variance is unfavourable

d. Labour rate variance is favourable; labour efficiency variance is unfavourable

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Accounting For Managers Interpreting Accounting Information For Decision Making

ISBN: 9781118037966

1st Canadian Edition

Authors: Paul M. Collier, Sandy M. Kizan, Eckhard Schumann

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Question Posted: May 31, 2024 10:04 AM

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If the actual labour rate is higher than the standard labour rate and the actual labour hours

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Accounting For Managers Interpreting Accounting Information For Decision Making

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