Calculate the direct labor rate variance (LRV) and the direct labor efficiency variance (LEV) for June using the formula approach.

Direct labor rate variance (LRV)

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PiaDeveau PiaDeveau · Answer 1 · 2021-02-12T06:48:39+01:00

Answer:

Direct labor rate variance = Direct labor variance - Direct labor efficiency variance

Explanation:

Direct labor rate variance

Direct labor efficiency variance

Computation:

Direct labor rate variance = Direct labor variance - Direct labor efficiency variance

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