Calculate the labour variances from the following data Standard wages Grade A 100 labourers Rs 3 per hour Grade B 50 labourers Rs 4 per hour Actual wages Grade A 90 labourers Rs 3 50 per hour Grade B 60 labourers Rs 3 per hour Budgeted hours 2,000 Actual hours 1,900 Budgeted gross production 4,000 ...

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Calculate the labour variances from the following data: Standard wages: Grade A: 100 labourers @Rs. 3 per

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Calculate the labour variances from the following data:

Standard wages:

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Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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Question Posted: Jun 16, 2024 04:07 AM

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Calculate the labour variances from the following data: Standard wages: Grade A: 100 labourers @Rs. 3 per

Question:

Grade A: 100 labourers @Rs. 3 per hour Grade B: 50 labourers @ Rs. 4 per hour Actual wages: Grade A: 90 labourers @ Rs. 3.50 per hour Grade B: 60 labourers @ Rs. 3 per hour Budgeted hours: 2,000 Actual hours: 1,900 Budgeted gross production: 4,000 units Standard loss: 10% Actual loss: 300 units

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Cost Accounting

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