Given Standard Cost Specifications Time 5 Hours Per Unit And Cost Rs

1.	Given Standard Cost Specifications Time 5 Hours Per Unit And Cost Rs 5 Per Labour. Actual Performance In Cost Period Is Production Hours 10,400 And Idle Time 400 Hours. Payment Done Is Average Per Hour Rs 5.20 For 10,800 Hours. Determine Labour Rate Variance And Labour Efficiency Variance, Respectively?
Answer» LABOUR RATE VARIANCE and labour EFFICIENCY variance is: 2,160 and Rs 2,000 both unfavorable. labour rate variance and labour efficiency variance is: 2,160 and Rs 2,000 both unfavorable.

Given Standard Cost Specifications Time 5 Hours Per Unit And Cost Rs 5 Per Labour. Actual Performance In Cost Period Is Production Hours 10,400 And Idle Time 400 Hours. Payment Done Is Average Per Hour Rs 5.20 For 10,800 Hours. Determine Labour Rate Variance And Labour Efficiency Variance, Respectively?

Answer»

LABOUR RATE VARIANCE and labour EFFICIENCY variance is: 2,160 and Rs 2,000 both unfavorable.

labour rate variance and labour efficiency variance is: 2,160 and Rs 2,000 both unfavorable.