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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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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)

User Noam Nevo
by
4.2k points

1 Answer

4 votes

Answer:

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

Step-by-step explanation:

Direct labor rate variance

Direct labor efficiency variance

Computation:

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

User BBetances
by
4.2k points
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