51. Examine the following relating to Job No. 100: Standard hours planned 104.50 Actual hours worked 101.25 Standard wage rate ₹5.15 Actual wage rate ₹5.25 The total labour cost variance for Job No. 100 is ..........
CS Executive · Cost and Management Accounting · PYQS · June 2021
51. Examine the following relating to Job No. 100: Standard hours planned 104.50 Actual hours worked 101.25 Standard wage rate ₹5.15 Actual wage rate ₹5.25 The total labour cost variance for Job No. 100 is ..........
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Standard Costing
Related Questions in this Topic
- 90. Statement I : Standard cost is a pre-determined cost. Statement II : All pre-determined costs are standard in nature...
- 89. Overhead cost variance is ₹9,000 (A), overhead expenditure variance is ₹2,000 (A) and overhead efficiency variance i...
- 81. The following are relating to Job No. 102: Standard hours planned 40.0 Actual hours worked 36.5 Standard wage rate ₹...
- 52. Which of the following is not a reason for an idle time variance ?
- 49. In a manufacturing firm, the standard quantity of material was set at 10 kg and standard price was fixed at ₹2 per k...