Q. Labour cost variance is measured as
a. Total standard labour cost of actual output - Total actual cost of actual output
b. (Standard rate per hour - Actual rate per hour) * Actual Hours
c. (Standard time - Actual time) * Standard rate per hour
d. Abnormal idle hours * Standard hourly rate
ANSWER: Total standard labour cost of actual output - Total actual cost of actual output
Answer & Explanation
No explanation is available for this question!