Question
What is the Standard Yield of the group ? What is the labor Idle time variance for Unskilled labor? What is the labor Idle time
What is the Standard Yield of the group ?
What is the labor Idle time variance for Unskilled labor?
What is the labor Idle time variance for Semi-skilled labor?
A gang of usually consists of 20 skilled workers, 15 semi-skilled workers and 10 unskilled with a standard rate of RO. 5, RO. 3 and RO. 2 respectively. The group is expected to produce 1200 units of a product in a 30 hour week. First week of August, the group consist of 15 skilled workers, 12 semi- skilled workers and 10 unskilled workers produced only 1000 units. The actual hourly rate paid for the group was RO. 4, RO. 3, RO. 2 respectively. Due to an industrial accident, the group could not work for 3 hours in the same week. You are required to prepare all the labor variances and answer the following questions.
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Solution Workers Standard Actual Hour RateRO Total Hour RateRO Total Skilled 300030100 080 2400 400040100 070 2800 SemiSkilled 150015100 060 900 10001...
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Business Statistics For Contemporary Decision Making
Authors: Black Ken
8th Edition
978-1118494769, 1118800842, 1118494768, 9781118800843, 978-1118749647
