Question 11:- S Ltd. has furnished the following standard cost data per unit of output. Direct labour 5 hours at Rs 7.50 per hr. Direct wages paid Rs 2,03,500 for 27,500 hours Actual output 4,900 units. The labour rate variance is: ) Rs 2,750, (A) Rs 2,750, (F) Rs 2,850, (F) None of the above Question 12:- B Ltd. manufactures 1,200 units of product 'P' during the year 2018-19. The variable cost per unit and fixed costs per annum are Rs.35 and Rs.45,000 respectively. If the company expects an annual profit of Rs.30,000, the mark-up percentage on variable cost is a) 178.57% b) 171.43% 107.14% d) None of the above