Question: The labor efficiency variance is calculated by the equation a. (Standard Hours Actual Hours) (Actual Hours Standard Rate). b. (Actual Rate Actual Hours) (Standard Rate

The labor efficiency variance is calculated by the equation

a.

(Standard Hours Actual Hours) (Actual Hours Standard Rate).
b.

(Actual Rate Actual Hours) (Standard Rate Actual Hours).
c.

(Actual Hours Standard Rate) (Standard Hours Standard Rate).
d.

(Standard Hours Actual Rate) (Actual Hours Actual Rate).
e.

None of these.

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