Q1 The following particulars find out labour variance.

Std hour =250 hour

Std rate for actual production = 1.5 OMR per hour

Actual hour =200 hour

Actual rate=1.6 OMR per hour

Q 2 Calculate the Material Cost Variance from the following information:

Standard Price of material per kg = OMR 3.8

Standard Usage of materials = 750 kgs

Actual Usage of materials = 900 kgs

Actual Price of materials per kg = OMR 2.9