In an analysis of labour cost variance it was ascertained that the labour rate variance was ₹750 A, actual time was 1,500 hours and standard rate per hour is ₹1.50. The actual rate per hour was: (A) ₹1.00 (B) ₹2.00 (C) ₹
CS Executive · Cost and Management Accounting · PYQS · December 2017
In an analysis of labour cost variance it was ascertained that the labour rate variance was ₹750 A, actual time was 1,500 hours and standard rate per hour is ₹1.50. The actual rate per hour was: (A) ₹1.00 (B) ₹2.00 (C) ₹2.5 (D) None of the above
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Standard Costing
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