Construct a table similar to the one drawn up for the direct materials variances giving general examples
Question:
Construct a table similar to the one drawn up for the direct materials variances giving general examples of the reasons for:
(a) the labour rate variance; and
(b) the labour efficiency variance.
Give examples of possible interrelationships between one or more labour variances and one or more materials variances.
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Muhammad Salman Alvi
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