01 December 2008
From the following data, calculate various labor variances:
Standard Wages 120 men at @ Rs. 4 per hour 80 women at @ Rs. 3 per hour
Actual wages 140 men at @ 3 per hour 50 women at@ 4 per hour Budget Hours – 2000 Actual Hours – 2200 Budgeted gross production 8000 units. Standard loss 10% Actual loss 500 unit.
20 December 2008
From the following data, calculate various labor variances:
Standard Wages 120 men at @ Rs. 4 per hour 80 women at @ Rs. 3 per hour
Actual wages 140 men at @ 3 per hour 50 women at@ 4 per hour Budget Hours – 2000 Actual Hours – 2200 Budgeted gross production 8000 units. Standard loss 10% Actual loss 500 unit.
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