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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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The labor rate variance is never controllable. Do you agree or disagree? Why?

To determine

State whether the labor rate variance is controllable. Also explain the reasons.

Explanation

Labor rate Variance:

The amount obtained when actual cost is deducted from budgeted cost is known as variance. Labor rate variance occurs when there is disparity in actual payment of wages against what was initially offered.

The statement is not true because labor rate variance is controllable...

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