Respuesta :
The difference between the rate paid for labour and the standard rate is known as the labour rate variance.Additionally, depending on whether the variation is below or above.The correct answer is Variance rate .
The standard rate in comparison to the actual rate, it may be advantageous or unfavourable.A rate variance is the difference between the actual price paid and the anticipated price multiplied by the actual amount spent. The concept is applied to identify instances where a business is overpaying for goods, services, or labour.However, focusing exclusively on cost savings may result from paying too much attention to rate changes. Instead, because it typically reduces overall expenses, investing a little bit more in greater quality could make more sense. (Actual price - Standard price) x Actual quantity = Rate variance is the formula.As a result, there is a rate difference between the wage rate paid and the conventional wage rate paid per hour.
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