Standard cost of product is :Time : 6 hours per unitRate : Rs 4 per hourActual cost :Production 1,500 unitsHours taken 7,600 unitsIdle time (in hours) 400Total hours : 8,000Total labour cost announced to Rs. 40,000. Calculate Labour Variance.
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Standard cost of product is :Time : 6 hours per unitRate : Rs 4 per hourActual cost :Production
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