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Which is the right answer
The labour variance arises due to standard output specified and actual output obtained is known as: OLabour Usage Variance O Labour Mix Variance O Labour Yield Variance O Labour Rate Variance
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Archana sharma![best-answer]()
option 3 , labour yield variance is the right answer. (actual yield minus standard yield multiplied by standard unit cost)
I think something is wrong with your formula because LRV = AH(SR-AR) and same problem with other formula also. So please confirm it.
See, the difference between actual data & standard data is the VARIANCE. It can be favourable or unfavorable. When actual yield or output is more than standard yield, the variance is favourable and adverse in vice- versa. When actual labour cost exceeds std labour cost , it is said to be unfavourable. So, I think we can write the formula this way also and then do the variance analysis for remedial actions.