Labour Rate Variance in Financial Formulas

Labour Rate Variance occurs when labour is paid at a rate that differs from the standard wage rate. And is denoted by LR.

Formulas to find Labour Rate Variance in Financial

fxLabour Rate VarianceGo

fx Actual Time Go

fx Standard Rate Go

fx Actual Rate Go

fx Variance Go

What is the Labour Rate Variance?

Labour Rate Variance occurs when labour is paid at a rate that differs from the standard wage rate.

Can the Labour Rate Variance be negative?

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

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