What is the correct formula for the direct labour rate variance?
A) Actual expenditure on direct labour for actual production - expected expenditure on direct labour for actual production.
B) (Expected direct labour hours for actual production - actual direct labour hours for actual production) x the standard cost for one hour of direct labour.
C) What the actual direct labour hours for actual production should have cost - what the actual direct labour hours for actual production actually cost.
D) What the direct labour for expected production should have cost - what the direct labour for actual production actually cost.
Correct Answer:
Verified
Q14: Zany Cushion Covers Limited uses a standard
Q15: BFM Limited uses a standard costing system
Q16: BTG Limited uses a standard costing system
Q17: Podcaster University Press uses a standard costing
Q18: (The labour hours that should have been
Q20: What is the correct formula for the
Q21: Maria runs a bakery, baking and selling
Q22: ABC Limited uses a standard costing system
Q23: QRS Limited uses a standard costing system
Q24: XDT Limited uses a standard costing system
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents