Standard cost specifi cation for a product Time 10 hours per unit Cost Rs 5 per hour Actual performance in a cost period production 750 units Hours taken production 7,600 hours Idle time 150 hours 7,750 hours Payment made Rs 40,300 (Average per hour Rs 5 20) You are required to calculate labour var...

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Standard cost specifi cation for a product Time = 10 hours per unit Cost = Rs. 5

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Standard cost specifi cation for a product Time = 10 hours per unit Cost = Rs. 5 per hour.

Actual performance in a cost period production = 750 units.

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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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Standard cost specifi cation for a product Time = 10 hours per unit Cost = Rs. 5

Question:

Hours taken production 7,600 hours Idle time 150 hours 7,750 hours Payment made = Rs. 40,300 (Average per hour Rs. 5.20) You are required to calculate labour variances.

Step by Step Answer:

Cost Accounting

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