Labour Efficiency Standards are decided by considering following factor(s)

Related MCQs

• What would be the most likely cause of an unfavourable labour rate variance together with a favourable labour efficiency variance?
• A management concept under which all managers and employees at all stages of company operations strive toward higher standards and a reduced number of defective units are called:
• Which of the following is not likely to be a reason of unfavorable direct labor efficiency variance?
• During the month of January, the standard cost of actual hours worked amounted to Rs.25, 000, the standard direct labor rate was Rs.10 per hour and the direct labor efficiency variance amounted to Rs.1, 000 favorable. The standard hours allowed for actual production were:
• The business environmental factors are _________.
• Key motivational factors in budgeting do not include
• Which of the following are advantages of marginal costing?
• Which among the following is not a management accounting technique?
• Following is used as tool for Cost Control
• In comparison to the traditional manufacturing environment, overhead costs in a JIT environment all the following are true except