The labour rate of pay variance can be calculated by which...

Home / Commerce / Costing / Question

Examveda

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: Option C

This Question Belongs to Commerce >> Costing

Related Questions on Costing

A. tax compliance.

B. financial audit.

C. cost ascertainment.

D. profit analysis.

View Answer

A. hospitals

B. oil refing firms

C. transport firms

D. brick laying firms

View Answer

A. two ways

B. three ways

C. four ways

D. several ways

View Answer

A. imputed cost

B. historical cost

C. sunk cost

D. shutdown cost

View Answer