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Which of the following is TRUE about labor efficiency (quantity) variances? The wage rate paid to employees differs from standard rate. It is calculated using

Which of the following is TRUE about labor efficiency (quantity) variances?

The wage rate paid to employees differs from standard rate.

It is calculated using the formula: (AH AR) - (AH SR).

The production manager generally must explain why the actual hours were different from standard.

All of these are true.

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