Question

From the following particulars calculate
1)Labour cost variance and
Labour Rate vairance.
Standard hours- 120 houn
Standard Rate - Rs. 40 per hour
Actual Hours- 160 hours
Actual Rate-Rs. 50 per hour​

Answer 1

Answer:

Standard Rate per hour = Rs. 50. Actual Production = 2,000 units. Actual Hours = 35,000 hours. Actual rate per hour = Rs. 40.

Explanation:

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