81. The following are relating to Job No. 102: Standard hours planned 40.0 Actual hours worked 36.5 Standard wage rate ₹2.60 Actual wage rate ₹2.95 Assume that there is no idle time. The total labour efficiency variance
CS Executive · Cost and Management Accounting · PYQS · June 2021
81. The following are relating to Job No. 102: Standard hours planned 40.0 Actual hours worked 36.5 Standard wage rate ₹2.60 Actual wage rate ₹2.95 Assume that there is no idle time. The total labour efficiency variance for Job No. 102 is:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Standard Costing
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