Which of the following equations can be used to compute a labor price variance? (A = Actual; S = Standard; H = Hour; P = Price)
A) (AH × AP) − (AH × SP)
B) (AH × SP) − (SH × SP)
C) (AH × AP) − (SH × SP)
D) (SH × SP) − (SH × SP)

Question

Quizplus · Accepted Answer

The Answer of Which of the following equations can be used to compute a labor price variance? (A = Actual; S = Standard; H = Hour; P = Price)
A) (AH × AP) − (AH × SP)
B) (AH × SP) − (SH × SP)
C) (AH × AP) − (SH × SP)
D) (SH × SP) − (SH × SP)

Which of the Following Equations Can Be Used to Compute