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This question belongs to Commerce Costing

Costing

?

The labour rate of pay variance can be calculated by which of the following equations?

A) Budgeted labour costs - Actual labour costs B) (Standard hours - Actual hours) × Actual wage rate C) (Standard wage rate - Actual wage rate) × Actual hours worked D) (Standard wage rate - Actual wage rate) × Standard hours worked

Answer & Solution

Correct Answer: Option C

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Question posted by Examveda

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