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A favorable labor rate variance indicates that: actual labor hours exceed budgeted labor hours budgeted labor hours exceed actual labor hours the budgeted labor rate
A favorable labor rate variance indicates that:
actual labor hours exceed budgeted labor hours
budgeted labor hours exceed actual labor hours
the budgeted labor rate exceeds the actual labor rate.
the actual labor rate exceeds the budgeted labor rate
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
