Problem 2 The standard output of product 'EXE' is 25 units per hour in manufacturing department of a company employing 100 workers. The standard wage rate per labour hours is 6. In a 42 hour week, the department produced 1,040 units of 'EXE' despite 5% of the time paid was lost due to an abnormal reason. The hourly wage rate actually paid were 6.20,6 and 5.70 respectively to 10,30 and 60 of the workers. Compute relevant variances. ILLUSTRATION 17.6 The details regarding the composition and the weekly wage rates of labour force engaged on a job scheduled to be completed in 30 weeks are as follows: The woik is actually completed in 32 weeks. Calculare the various laboul varionces