The difference between the standard hours for the actual output and actual hours for actual output and multiplied by standard rate per hour is:

CS Executive · Cost and Management Accounting · PYQS · June 2017
The difference between the standard hours for the actual output and actual hours for actual output and multiplied by standard rate per hour is:
(A) Labour rate variance
(B) Overhead cost variance
(C) Labour efficiency variance
(D) Overhead volume variance

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Standard Costing

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