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Question

When computing variable manufacturing overhead variances, the standard rate represents the ________.

Answer

"As we calculate variable manufacturing overhead variances, the standard rate is used as a representation for the variable portion of the predetermined overhead rate. Now, students, here are two definitions of the standard labor rate. It is based on the general skill sets of workers assumed to perform the relevant work. If there is only one standard labor rate, it should be determined by averaging the fully burdened labor costs of employees most likely to perform the work. Additionally, the fully burdened cost of labor used in goods creation or service rendering is known as the cost basis standard labor rate. This is used to calculate the profit made from a sale, as well as the cost of ending inventory and goods sold under a typical costing system. For more information about standard rates, please consult the provided link: brainly.com/question/13015001 #SPJ4."