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What is the calculation of the labor RATE variance? a) Standard Rate x (Standard Hours Actual Hours) b) Standard Hours x (Standard Rate Actual Rate)

What is the calculation of the labor RATE variance?

a) Standard Rate x (Standard Hours Actual Hours)

b) Standard Hours x (Standard Rate Actual Rate)

c) Actual Hours x (Standard Rate Actual Rate)

d) Actual Rate x (Standard Hours Actual Hours)

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