Which of the following correctly lists all the information needed to calculate a

Question

Which of the following correctly lists all the information needed to calculate a labor rate variance?

Actual labor rate and actual hours worked.

Actual hours worked and actual units produced

Standard labor rate and actual hours worked

Standard labor rate, actual labor rate, and actual units produced

Actual labor rate, standard labor rate and actual hours worked

Actual labor rate and actual hours worked.

Actual hours worked and actual units produced

Standard labor rate and actual hours worked

Standard labor rate, actual labor rate, and actual units produced

Actual labor rate, standard labor rate and actual hours worked

Explanation / Answer

Direct labour rate=(AH*AR)-(AH*SR)  
AH=actual hours used
AR=actual rate per hour
SR=standard rate per hour

so it is option E

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