Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A gang of workers normally consists of 30 Skilled, 15 Semi Skilled and 10 Unskilled. They are paid at standard hours rates as under: Skilled

A gang of workers normally consists of 30 Skilled, 15 Semi Skilled and 10 Unskilled. They are paid at standard hours rates as under: Skilled @ RO 0.80 Semi Skilled @ RO 0.60 Unskilled @ RO 0.40 The standard output of the gang was two units per hour. During the week, the actual composition of the gang was 40 Skilled, 10 Semi Skilled and 5 Unskilled. The actual wages paid were RO 0.70, RO 0.65 and RO 0.30 respectively. The gang was engaged for 100 hours during the week, which included 4 hours of abnormal idle time. The Actual output was 160 units were produced.

The Labour Mix Variance of Skilled Labour is

Select one:

a. 280(A)

b. 280(A)

c. 768(A)

d. 768(F)

The Labour Efficiency Variance of UnSkilled Labour is

Select one:

a. 128(F)

b. 128(A)

c. 50(A)

d. 50(F)

The Labour Idle Time Variance of Skilled Labour is

Select one:

a. 128(F)

b. 128(A)

c. 140(A)

The Labour Yiled Variance is

Select one:

a. 592(F)

b. 592(A)

c. 500(A)

d. 500(F)

d. 120(A)

The Labour Cost Variance of Skilled Labour is

Select one:

a. 1152(F)

b. 1152(A)

c. 1150(F)

d. 1150(A)

The Labour Cost Variance of UnSkilled Labour is

Select one:

a. 128(A)

b. 120(F)

c. 128(F)

d. 120(A)

The Total Labour Efficiency Variance is

Select one:

a. 880(F)

b. 384(A)

c. 825(A)

d. 880(A)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting And Reporting

Authors: Barry Elliott, Jamie Elliott

19th Edition

1292255994, 9781292255996

More Books

Students also viewed these Accounting questions

Question

Is this the best time to buy?

Answered: 1 week ago