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The formula to the compute direct labor time variance is to calculate the difference between Actual costs- Standard costs Actual costs- (Actual hours Standard rate)
The formula to the compute direct labor time variance is to calculate the difference between
Actual costs- Standard costs
Actual costs- (Actual hours Standard rate)
(Actual hours Standard rate)- Standard costs
Actual costs + Standard costs
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Managerial Accounting
Authors: Wendy M. Tietz, Louis Beaubien, Karen W. Braun
3rd Canadian edition
