The direct labor rate variance is the difference between the standard hours allowed and the actual hours multiplied by the actual labor rate.
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Q19: Predetermined overhead costs are the same as
Q20: The final step in variance analysis is
Q21: The variable overhead efficiency variance is the
Q22: A flexible budget is a summary of
Q23: Direct labor time standards express the hourly
Q25: Another name for a flexible budget is
Q26: The direct materials price variance is the
Q27: In a service company,standard unit cost related
Q28: A standard costing system
A)is used by management
Q29: The total overhead cost variance is the
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