Direct labor variance matrix
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Direct labor variance matrix, there are three factors: (1) Actual hour x Actual rate, (2) Actual hour x Standard rate (3) Standard hours x standard rate. Using the numbers, indicate the formuas for each of the direct labor variances.
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This solution is comprised of a detailed explanation to indicate the formuas for each of the direct labor variances.
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Direct labor variance matrix:
Direct labor variance matrix, there are three factors: (1) Actual hour x Actual rate, (2) Actual hour x Standard rate (3) Standard hours x standard rate. Using the numbers, indicate the formulas for each of the direct labor variances
I am not quite understand what type of solution is needed. However, there are two direct labor variances, i.e., direct labor rate variance and direct labor efficiency variance. The formula will be as follows: -
a. Direct labor rate ...
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