Idle time variance arises when A. Only one grade of labour is used B. Time is lost due to abnormal reasons C. Both a and b D. None of the above

Idle time variance arises when
A. Only one grade of labour is used
B. Time is lost due to abnormal reasons
C. Both a and b
D. None of the above
by

1 Answer

Answer :

C. Both a and b
by

Related questions

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

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Last Answer : B. (Standard rate per hour - Actual rate per hour) * Actual Hours

.Which of the following statements are true about labour idle time? A. Labour idle time variance is not caused by non-availability of raw material B. Labour idle time variance is measured as : Abnormal idle hours * Actual hourly rate C. Labour idle time variance is always unfavorable or adverse D. All of the above

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Last Answer : C. Labour idle time variance is always unfavorable or adverse

Volume variance arises when A. There is rise in overhead rate per hour B. There is decline in overhead rate per hour C. There is decrease or increase in actual output compared to the budgeted output D. None of the above

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Which of the following is an abnormal cause of Idle time: (a) Time taken by workers to travel the distance between the main gate of factory and place of their work (b) Time lost between the finish of one job and starting of next job (c) Time spent to meet their personal needs like taking lunch, tea etc.

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