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Hello sir
Is there anything wrong in labour rate variance
why actual hrs paid rate *actual rate which is 136800 is not coming first like 136800- 144000 and which should be adverse ??
Thank you
The answer is correct.
It doesn’t matter which one you write down first – this is not an exam for which you should simply learn formulae.
The total actually paid is less than what is should have been if they had paid at the standard rate. Therefore the variance is favourable.
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