Following data are given : (i) Gross Direct Wages ₹15,000 (ii) Standard hours produced = 7600 (iii) Standard Rate per hour = ₹2.10 (iv) Actual hours paid @ ₹2.40 are 7500, out of which hours not worked (abnormal idle tim
CS Executive · Cost and Management Accounting · PYQS · December 2020
Following data are given : (i) Gross Direct Wages ₹15,000 (ii) Standard hours produced = 7600 (iii) Standard Rate per hour = ₹2.10 (iv) Actual hours paid @ ₹2.40 are 7500, out of which hours not worked (abnormal idle time) are 75 hours. Labour efficiency variance is :
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Standard Costing
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