plz advice me how to solve dis ques.
This query is : Resolved
16 March 2009
Standard hour for manufacturing two products M & N are 15hrs/unit & 20 hrs/unit respectively.Both products require identical kind of labour and standard wage rate per hour is Rs.5.In the year 2006, 10000 units or M & 15000 units of N were manufactured. The totals of labour hour actually worked were 450500 and actual wages bill cameto Rs.2300000.This include 12000 hours paid for @ rs.7/hrs and 9400 hours paid for rs.7.50/hrs, the balance had been paid at rs.5/hrs.Calculate labour rate variance,labour efficiency variance, labour cost variance.
18 March 2009
LAbour rate variance 47500 adverse
LAbour effi. variance 2500 adverse
Labour cost variance 50000 adverse
LAbour effi. variance 2500 adverse
Labour cost variance 50000 adverse
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