Labour Efficiency Variance in Financial Formulas

Labour Efficiency Variance is the difference between the actual time worked and the total hours that should have been worked. And is denoted by LV.

Formulas to find Labour Efficiency Variance in Financial

fxLabour Efficiency VarianceGo

fx Standard Rate Go

fx Standard Time Go

fx Actual Time Go

fx Variance Go

What is the Labour Efficiency Variance?

Labour Efficiency Variance is the difference between the actual time worked and the total hours that should have been worked.

Can the Labour Efficiency Variance be negative?

{YesorNo}, the Labour Efficiency Variance, measured in {OutputVariableMeasurementName} {CanorCannot} be negative.

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