The standard labour employment and the actual labour engaged in a 40 hours week for a...
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The standard labour employment and the actual labour engaged in a 40 hours week for a job are as under: Standard Actual Category of workers Skilled Semi skilled Unskilled Standard output Actual output Abnormal Idle Time Calculate: (i) (ii) (iii) Labour Cost Variance Labour Efficiency Variance Labour Idle Time Variance No. of workers 65 20 15 Wage rate per hour 45 30 15 No. of Workers 50 30 20 Wage rate per hour 50 35 10 2,000 units 1,800 units 2 hours in the week.
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To calculate the labor variances we ll use the following formulas i Labor Cost Variance Labor Cost Variance Standard Hours Worked x Standard Wage Rate Actual Hours Worked x Actual Wage Rate ii Labor E View the full answer
Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
Posted Date:
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