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Question

Labour Rate of Pay Variance can be calculated by which one of the following equations ?

A Budgeted Labour Costs2Actual Labour Costs
B (Standard Hours2Actual Hours)3Actual Wage Rate
C (Standard Wage Rate2Actual Wage Rate)3Actual Hours Worked
D (Standard Wage Rate2Actual Wage Rate)3Standard Hours Worked

Answer & Explanation

Answer:(Standard Wage Rate2Actual Wage Rate)3Actual Hours Worked

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