From the following information, calculate the different labour variances: Standard Workers No. of Rate per Hrs. Amount

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From the following information, calculate the different labour variances:

Standard Workers No. of Rate per Hrs. Amount Rs.

Workers Workers Worker 100 3 100 30,000 Women 50 5 100 25,000 Boys 40 10 100 40,000 Actual Workers No. of Rate per Hrs. Amount Rs.

Workers Worker Worker Men 80 2.50 120 24.000 Women 60 5 120 36,000 Boys 50 8 120 48,000 Actual Production = 190 units Standard Production = 200 units

[Ans.: LCV = Rs. 17,750 (Adv.); LRV = Rs. 16,800 (Fav.); LEV =

Rs. 34,550 (Adv); LMV = Rs. 10,800 (Adv.) LYV = 23,750 (Adv.)]

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