The formula to the compute direct labor time variance is to calculate the difference between
A) Actual Costs - Standard Costs
B) Actual Costs + Standard Costs
C) (Actual Hours × Standard Rate) - Standard Costs
D) Actual Costs - (Actual Hours × Standard Rate)

Question

Quizplus · Accepted Answer

The direct labor time variance is calculated by finding the difference between the actual hours worked at the standard rate and the standard cost for those hours, which is represented by the formula: (Actual Hours × Standard Rate) - Standard Costs.

The Formula to the Compute Direct Labor Time Variance Is