MCQOPTIONS
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				| 1. | 
                                    Total Labour cost variance = | 
                            
| A. | Standard cost of labour - actual cost of labour | 
| B. | Standard rate(standard time for actual output-actual time worked) | 
| C. | Standard rate (standard time for actual output- actual time paid for) | 
| D. | Actual time taken (standard rate-actual rate) | 
| Answer» B. Standard rate(standard time for actual output-actual time worked) | |