From the following information, calculate the different labour variances: Standard Workers No. of Rate per Hrs. Amount
Question:
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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Zero To Mastery In Accounting Become A High Level Accounting Manager
ISBN: 9789392475177
1st Edition
Authors: HECTOR ROBINETT
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