The following information is supplied to you: Standard time for a month : 4000...
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Accounting
The following information is supplied to you: Standard time for a month : Hours Standard wage rate : Rs per hour Number of labourers employed : Average working days in a month : No of hours a worker works per day : hours Total wage bill in a month : Rs Idle time due to power failure : hours You are required to calculate the following: a Labour Cost Variance b Labour Rate Variance c Labour Efficiency Variance
The following information is supplied to you:
Standard time for a month : Hours
Standard wage rate : Rs per hour
Number of labourers employed :
Average working days in a month :
No of hours a worker works per day : hours
Total wage bill in a month : Rs
Idle time due to power failure : hours
You are required to calculate the following:
a Labour Cost Variance
b Labour Rate Variance
c Labour Efficiency Variance
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