A job requires 2,400 actual labour hours for completion and it is anticipated that there will be 20% idle time. If the wage rate is ₹10 per hour, what is the budgeted labour cost for the job?
CS Executive · Cost and Management Accounting · PYQS · June 2018
A job requires 2,400 actual labour hours for completion and it is anticipated that there will be 20% idle time. If the wage rate is ₹10 per hour, what is the budgeted labour cost for the job?
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Cost and Management Accounting
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