The formula for the labor price variance is

A) (AH) x (SR) less (SH) x (SR) .
B) (AH) x (AR) less (AH) x (SR) .
C) (AH) x (AR) less (SH) x (SR) .
D) (AH) x (SR) less (AH) x (SR) .

Labor Price Variance

The difference between the actual cost of labor and the budgeted or standard cost, often analyzed in cost accounting.

Standard Rate

A predetermined cost or price that is established for accounting or budgeting purposes, often used in costing and financial analysis.

Actual Hours

The real number of hours worked, as opposed to planned or estimated hours.