The calculations for variable overhead variances are significantly different from those for direct labor variances. True...
The calculations for variable overhead variances are significantly different from those for direct labor variances.
True
False
Homework Answers
Answer
--FALSE.
--Infact, the calculations are almost similar.
--For example,
Labor rate Variance = (Standard labor rate - Actual labor rate) x
Actual hours, and
Variable Overhead rate Variance = (Standard variable OH rate -
Actual variable OH rate) x Actual Hour.
--Same goes for Labor Efficiency Variance and Variable Overhead efficiency variance.
Add Answer to:
The calculations for variable overhead variances are
significantly different from those for direct labor variances.
True...
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