The original standard rate of pay in a factory was ₹5 per hour. Due to settlement with trade unions, this rate of pay per hour was increased by 20%. During a particular period, 5,000 actual hours were worked whereas work
CS Executive · Cost and Management Accounting · PYQS · December 2015
The original standard rate of pay in a factory was ₹5 per hour. Due to settlement with trade unions, this rate of pay per hour was increased by 20%. During a particular period, 5,000 actual hours were worked whereas work done was equivalent to 4,500 hours. The actual labour cost was ₹35,000. Labour rate variance is —
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Labour Costing
Related Questions in this Topic
- Which of the following is not an avoidable cause of labour turnover ?
- If standard time is 72 hours, then what would be time saved to getting same bonus under Halsey Plan and Rowan Plan ?
- Most of the firms prefer to treat the learners' wages as............as learners take more time than a trained worker.
- The following information is given to you: Standard output in 12 hours is 144 units. Actual output of a worker in 10 ...
- Priestman Production Bonus Plan is a :