Please Do not Give image format Which of the following statements is true?If skilled workers with high hourly rates of pay are given duties that require little skill and call for lowerhourly rates of pay, this will result in a favorable labor rate variance.1.) The standard labor rate per hour should not include any employment taxes.2.) When less hours of labor time are necessary to complete a job than the standard allows, the laborefficiency variance is unfavorable.A.) Only statement III is true.B.) Both statements II and III are true.C.) All of the statements are true.D.) None of the statements are true.The following labor standards have been established for a particular product:Standard labor-hours per unit of outputStandard labor rateActual hours workedThe following data pertain to operations concerning the product for the last month:Actual total labor costActual outputWhat is the labor rate variance for the month?A.) $3,000 FB.) $2,970 UC.) $3,000 FD.) $2,970 F10,000$ 177,00010990$ 18.00hoursunitshoursper hour

Name: Please Do not Give image format Which of the following statements is t
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Please Do not Give image format Which of the following statements is true?If skilled workers with high hourly rates of pay are given duties that require little skill and call for lowerhourly rates of pay, this will result in a favorable labor rate va