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The formula to compute the direct labor rate variance is to calculate the difference between a.(Actual labor cost) - (Standard hours x Standard rate) b.(Standard
The formula to compute the direct labor rate variance is to calculate the difference between
a.(Actual labor cost) - (Standard hours x Standard rate)
b.(Standard hours x Actual rate) - (Standard labor cost)
c.(Actual labor cost) - (Actual hours x Standard rate)
d.(Standard hours x Standard rate) - (Standard labor cost)
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