If the wage rate paid per hour differs from the standard wage rate per hour for direct labor, the variance is termed:
A) variable variance.
B) rate variance.
C) quantity variance.
D) volume variance.

Question

Quizplus · Accepted Answer

The variance mentioned in the question is specifically related to the difference in wage rate per hour paid to direct labor compared to the standard wage rate per hour. This type of variance is known as a rate variance. The other options (variable variance, quantity variance, and volume variance) do not match the specific scenario described in the question.

If the Wage Rate Paid Per Hour Differs from the Standard