What Is Labor Efficiency Variance?

1.	What Is Labor Efficiency Variance?
Answer» Labor efficiency variance: SUBTRACT the STANDARD QUANTITY of labor consumed from the actual amount and multiply the remainder by the standard labor rate PER hour. Labor efficiency variance: Subtract the standard quantity of labor consumed from the actual amount and multiply the remainder by the standard labor rate per hour.

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Labor efficiency variance: SUBTRACT the STANDARD QUANTITY of labor consumed from the actual amount and multiply the remainder by the standard labor rate PER hour.

Labor efficiency variance: Subtract the standard quantity of labor consumed from the actual amount and multiply the remainder by the standard labor rate per hour.

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What Is Labor Efficiency Variance?

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