The formula for the labour price variance (LPV) is

STANDARD COSTING

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	LPV=LPV + LEV
B	LPV=(AR x AH)-(AH x SR)
C	LPV=(AR x SR)-(SR x AH)
D	LPV =(AR X SR)-(SR X SH)

Explanation:

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ECONOMICS

COST ACCOUNTING

STANDARD COSTING