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Compute a labor usage variance

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Reference no: EM132960412

Problem 1: Which of the following equations can be used to compute a labor usage variance? (A = Actual; S = Standard; Q = Quantity; P = Price)

Option 1: (AQ X SP) - (SQ X SP)
Option 2: (SQ X SP) - (SQ X SP)
Option 3: (AQ X AP) - (SQ X SP)
Option 4: (AQ X AP) - (AQ X SP

Reference no: EM132960412

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