A favorable labor rate variance indicates that
A. actual hours exceed standard hours.
B. standard hours exceed actual hours.
C. the actual rate exceeds the standard rate.
D. the standard rate exceeds the actual rate.
Answer: D
A favorable labor rate variance indicates that
A. actual hours exceed standard hours.
B. standard hours exceed actual hours.
C. the actual rate exceeds the standard rate.
D. the standard rate exceeds the actual rate.
Answer: D
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