The standard labour cost of a component is 5 and a standard deviation of 20p has been

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The standard labour cost of a component is £5 and a standard deviation of 20p has been estimated.

a. Calculate the 2% control limits.

b. Ina period the output was 480 units and the labour cost was exactly on the upper 2% limit. What was the actual labour cost in the period and what was the labour cost variance?

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Costing

ISBN: 9780134789705

6th Edition

Authors: Terry Lucey

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Question Posted: May 22, 2024 02:00 AM

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The standard labour cost of a component is 5 and a standard deviation of 20p has been

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Costing

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