banner_ad

Ipce standard costing labour variance

IPCC 1046 views 1 replies

If the formula for revised labour efficiency variance (RLEV) is :

=( standard time for actual output - revised standard time) X standard rate {please elaborate this formula more ?}

then in which situation ans. will be favourable or adverse, please mention both. kindly give ans. in following format.

standard time for actula output  < revised standard time = RLEV (favourable or adverse?)    AND

standard time for actula output  > revised standard time = RLEV (favourable or adverse?)

AND, if the formula for revised variance (RV) is:

=original std. cost of actual output - revised std. cost of actual output {please elaborate this formula more ?}

then in which situation ans. will be favourable or adverse, please mention both. kindly give ans. in following format.

original std. cost of actual output < revised std. cost of actual output = RV (favourable or adverse?)  AND

original std. cost of actual output > revised std. cost of actual output = RV (favourable or adverse?)

thanks in advance.yes

Replies (1)

If Revised standard time is LESS THAN the Standard time, then result is FAVOURABLE.

 

If Revised standard time is GREATER THAN the Standard time, then result is ADVERSE.

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details