question_answer

Match the following

List I		List II
A.	Labour cost variance	1.	Actual hours paid (Standard rate - Actual rate)
B.	Labour rate variance	2.	Standard cost - Actual cost
C.	Efficiency variance	3.	Idle hours \[\times \] standard rate per hour
D.	Idle time variance	4.	Standard rate (Standard hours - Actual hours worked)

Codes

A)                                  A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1   

B)  A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1

C)  A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3

D)  A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3