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    Question

    With respect to standard costing, which of the following

    statement is incorrect?
    A Labour Rate Variance = Labour Mix Variance + Labour Yield Variance Correct Answer Incorrect Answer
    B Labour Cost variance = Labour Rate Variance + Labour Efficiency Variance Correct Answer Incorrect Answer
    C Material Cost Variance = Material Price Variance + Material Usage Variance Correct Answer Incorrect Answer
    D Material Usage Variance = Material Mix variance + Material Yield Variance Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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