Question
If the labour efficiency variance is unfavourable, then: standard hours allowed for the actual output exceeded actual hours. the actual rate exceeded the standard rate.
If the labour efficiency variance is unfavourable, then:
standard hours allowed for the actual output exceeded actual hours.
the actual rate exceeded the standard rate.
the standard rate exceeded the actual rate.
actual hours exceeded standard hours allowed for the actual output.
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Financial Accounting
Authors: Michael J. Jones
2nd Edition
1119977150, 978-1119977155
