Variance rate labor
21 Jun 2017 A labor variance is a type of cost variance that focuses on labor rates and hours. The comparison that is used to compute a labor variance 26 Mar 2012 Direct labor rate variance determines the performance of human resource department in negotiating lower wage rates with employees and labor “Labor Rate Variance is that portion of labor (Wages) variance which is due to the difference between the standard rate of pay specified and actual rate paid”.