Question
. The standard time and standard rate of labour to produce Product Y are as follows: Standard Time: 500 hours Actual Time: 550 hours Standard
. The standard time and standard rate of labour to produce Product Y are as follows:
Standard Time: 500 hours
Actual Time: 550 hours
Standard Price: AED 20 / hour
Actual Price: AED 18 / hour
Idle Time : 50 hours
Calculate:
a. Labour Cost Variance
b. Labour Rate Variance
c. Labour Efficiency Variance
d. idle Time Variance
Note : The answers should be in Excel or Word Format
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Auditing IT Infrastructures For Compliance
Authors: Robert Johnson, Marty Weiss, Michael G. Solomon
3rd Edition
1284236609, 9781284236606
