The formula used for calculation of labour rate variance is A. Total standard labour cost of actual output - Total actual cost of actual output B. (Standard rate per hour - Actual rate per hour) * Actual Hours C. (Standard time - Actual time) * Standard rate per hour D. Abnormal idle hours * Standard hourly rate

The formula used for calculation of labour rate variance is  
A. Total standard labour cost of actual output - Total actual cost of actual output B. (Standard rate per hour - Actual rate per hour) * Actual Hours
C. (Standard time - Actual time) * Standard rate per hour
D. Abnormal idle hours * Standard hourly rate
by

1 Answer

Answer :

B. (Standard rate per hour - Actual rate per hour) * Actual Hours
by

Related questions

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Last Answer : C. There is decrease or increase in actual output compared to the budgeted output

During September, 300 labour hours were worked for a total cost of Rs 4800. The variable overhead expenditure variance was Rs 600 (A). Overheads are assumed to be related to direct labour hours of active working. What was the standard cost per labour hour? (a) Rs 14 (b) Rs 16.50 (c) Rs 17.50

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Last Answer : (d) 10,500

During a period 17, 500 labour hours were worked at a standard cost of Rs 6.50 per hour. The labour efficiency variance was Rs 7,800 favourable. How many standard hours were produced? (a) 1,200 (b) 16,300 (c) 17,500 (d) 18,700

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Last Answer : You findthe total value of sales,the total number of hours worked by all employees.Then divide the first by the second.

If you have two jobs. One job pays 7 per hour and the other pays 8.25 per hour. You worked 22 hours total last week and earned 171.50. How many hours did you work at each job?

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