Question: Standard time allowed to complete one unit is 2 hours. A worker during a week (48 hours) completed 20 units and drawn a salary of

Standard time allowed to complete one unit is 2 hours. A worker during a week (48 hours) completed 20 units and drawn a salary of Rs. 6000. The standard rate per day of 8 hours shift is Rs. 1000. Which one of the following is true?

Labour rate variance is Rs. 2000 favorable

Labour rate variance is Rs. 2000 unfavorable

Labour Efficiency variance is Rs. 1000 unfavorable

Labour Efficiency variance is Rs. 1000 favorable

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