If you had planned to spend €20,000 on production costs but only ended up spending €18,500, the variance is €1,500. Labor Efficiency Variance (LEV) measures the difference between the actual hours worked and
If you had planned to spend €20,000 on production costs but only ended up spending €18,500, the variance is €1,500. Labor Efficiency Variance (LEV) measures the difference between the actual hours worked and