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The Formula To Estimate Labour Mix Variance Is
The Formula To Estimate Labour Mix Variance Is
a. Total standard labour cost of actual output - Total actual cost of actual output
b. (Standard rate per hour - Actual rate per hour) * Actual Hours
c. (Revised standard time - Actual time) * Standard rate
d. Abnormal idle hours * Standard hourly rate
In case only actual data and standard data are given without any indication of output