Labour rate variance is computed by multiplying the

Related MCQs

• Labour cost variance is the difference between standard cost of labour and………..
• Material Usage Variance=Material Mix Variance +…………..
• Total Labour cost variance =
• When there are frequent changes in the labour force, labour turnover is said to be
• Hypothetical costs which are specially computed outside the accounting system for the purpose of decision making are called
• According to Merrick’s multiple piece rate system, the piece rate applicable to a worker with an efficiency of 100 % or above is _____ of normal piece rate
• The rate of change in the composition of the labour force in an organization is known as
• Labour flux rate denotes the:
• Material price variance is the difference between standard and actual prices of materials used multiplied by………………..
• Idle time variance is………….