A rate variance for direct labor measures how well a company keeps unit prices of labor inputs within standards.

Name: A rate variance for direct labor measures how well a company keeps unit prices of labor inputs within standards.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A rate variance for direct labor compares the actual unit price of labor inputs to the standard unit price, indicating whether the company is able to maintain labor costs within its expectations.

A Rate Variance for Direct Labor Measures How Well a Company