In a factory 100 workers are employed and the standard average wage rate is Rs 50 per hour Standard ...........

Costing - Phase (I & II) Methods of Costing

In a factory 100 workers are employed and the standard average wage rate is Rs. 50/- per hour. Standard working hours per week are 40 and the standard performance is 10 units per hour. During a week, wages paid for 50 workers are at the rate of Rs. 50 per hour, 10 workers at Rs. 70 per hour and 40 workers at Rs. 40/- per hour. Actual output was 380 units. The factory did not work for 5 hours due to breakdown for machinery .

The Labour Cost variance and Labour Rate variance will be:

3000 adverse, 9000 favourable

2000 adverse, 8000 favourable

4000 adverse, 9000 favourable

None of the above

छोटे Courses बड़े Results

Master Methods of Costing

Prepare through Micro-courses