standard costing
This query is : Resolved
pratik mehta
(Querist)
17 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
Manmohan ACA, CS
(Expert)
18 March 2009
LAbour rate variance 47500 adverse
LAbour efficiency variance 2500 adverse
Labour cost variance 50000 adverse
LAbour efficiency variance 2500 adverse
Labour cost variance 50000 adverse
pratik mehta
(Querist)
24 March 2009
thnka u sir
but please clear me that hw to solve the actual rates,how to put the actual rates on products m & n bcoz of three different rates.
but please clear me that hw to solve the actual rates,how to put the actual rates on products m & n bcoz of three different rates.
Dhirajlal Rambhia
(Expert)
30 June 2023
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