Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A group of workers consisting of 30 men above 30 years of age, 15 females above 30 years of age, and 10 youth of age

A group of workers consisting of 30 men above 30 years of age, 15 females above 30 years of age, and 10 youth of age between 20-30 are paid standard hourly rates as follows:

Males.........................

80/per hour

Females......................

60/per hour

Youth...........................

40/per hour

In a normal working week of 40 hours, the group is expected to produce 2,000 units of output. During a week, the group consisting of 40 males, 10 females and 5 youth produced 1,600 units. They were paid wages @ `70/- for males, `65/- for females and `30/- for youth per hour. 4 hours were lost due to abnormal idle time. The Actual and Standard Hrs are as follows:

Standard Hrs

Actual Hrs

Male

1200

1600

Female

600

400

Youth

400

200

2200

2200

Calculate labour variances

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

Managerial Accounting Creating Value in a Dynamic Business Environment

Authors: Ronald W. Hilton

9th edition

78110912, 978-0078110917

More Books

Students also viewed these Accounting questions

Question

1. Share your own hobbies, interests, and favorites.

Answered: 1 week ago

Question

skill developement SWOT goal

Answered: 1 week ago

Question

Discuss the sources of workplace stress and ways to reduce it.

Answered: 1 week ago

Question

Describe the way perception can cloud judgment.

Answered: 1 week ago