Question

Standard cost of a product is
Time: 6hrs. per unit
Rate: Rs.4 per hour
Actual cost:
Production : 1500 units
Hours taken 7,600 units
Idle time lin hours) 400
Total hours: 8,000
Total labour cost announced to Rs 40000
Calculate labour variance
​

Answer 1

Answer:

Actually have a great day ahead of time so I can understand that you are busy but I was a little confused about the whole thing and I will be there by public facilities and I will be there by public facilities and I will send it out to the attachment and let me know if you will get this to you and your family have a merry Christmas ahead with this mail please check and confirm me that I have got warning from him yet so we can get the ball rolling on this one and the kids are you doing today and how much

Answer 2

The answer is given below:

Explanation:

The calculation is given below

1. Direct Labor Cost Variance

= (Standard time × Standard rate) - (Actual time × Actual rate)

where,

Standard time is

= 1,500 units × Rs 4 per hour

= 9,000 units

All the other things would remain the same

So,

= (9,000 × 4) - (8,000 × 5)

= Rs. 4,000 unfavorable

(ii)Direct Labor Rate Variance is

= Actual time × (Standard rate - Actual rate)

= 8,000 × (4 - 5)    

= Rs 8000 unfavorable

(iii) Direct Labor Idle Time Variance is

= Idle time × Standard rate

= 400 × 4

= Rs. 1600  unfavorable

(iv)Direct Labor Efficiency Variance is

= Standard rate × (Standard time - Actual time)

= 4 × (9000 - 7600)

= Rs.5,600 favorable

Learn more

Is there a relationship between direct materials variances and direct labor variances?

brainly.in/question/6801632

Labour Cost Variance​

https://brainly.in/question/13971089