Question
The standard time and rate for one unit of a product are as follows: Standard Time 12 hours Standard rate Sh.5 per hour The actual
The standard time and rate for one unit of a product are as follows:
Standard Time 12 hours
Standard rate Sh.5 per hour
The actual data and related information are as under:
Actual production 1,000 units
Actual time 13,200 Hours
Total actual wages Sh.59,400
Required: Calculate Labour cost variance, Labour efficiency variance and Labour rate variance from the above information
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Auditing And Assurance Services
Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau
9th International Edition
1266285997, 978-1266285998
