Ipce standard costing labour variance

1052 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.

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details