Total labor variance is the difference between actual hors times the actual rate and standard hours times the standard rate for labor.
(Actual Hours * Actual Rate) – (Standard Hours * Standard Rate) = Total Labor Variance (TLV)
Total labor variance is the difference between actual hors times the actual rate and standard hours times the standard rate for labor.
(Actual Hours * Actual Rate) – (Standard Hours * Standard Rate) = Total Labor Variance (TLV)