The original standard rate of pay in a factory was ₹4 per hour. Due to settlement with Trade Unions, this rate of pay per hour was increased by 15%. During a particular period, 5,000 actual hours were worked whereas work
CS Executive · Cost and Management Accounting · PYQS · June 2016
The original standard rate of pay in a factory was ₹4 per hour. Due to settlement with Trade Unions, this rate of pay per hour was increased by 15%. During a particular period, 5,000 actual hours were worked whereas work done was equivalent to 4,400 hours. Actual labour cost was ₹24,000. Labour cost variance will be —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Labour Costing
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