The formula to 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 multiplying the actual hours worked by the standard rate and subtracting the standard cost.

The Formula to Compute Direct Labor Time Variance Is to Calculate