Which of the following equations is used to calculate direct labor time variance? a. Direct labor time
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Question:
Which of the following equations is used to calculate direct labor time variance?
a. Direct labor time variance = (Actual direct labor hours + Standard direct labor hours) × Standard rate per hour
b. Direct labor time variance = (Actual direct labor hours + Standard direct labor hours) × Actual rate per hour
c. Direct labor time variance = (Actual direct labor hours – Standard direct labor hours) × Standard rate per hour
d. Direct labor time variance = (Actual direct labor hours – Standard direct labor hours) × Actual rate per hour
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