The difference between hours paid and hours worked is known as

Related MCQs

• In a factory Standard rate per hour Rs. 4, Standard time per unit of output – 20 hours, Units produced - 500, Actual hours worked - 12,000. Compute Labour Efficiency Variance.
• If standard hours are 400 @ Rs. 1 per hour and actual hours are 380 @ Rs. 1.25 per hour, the labour rate variance is:
• In comparing a fixed budget with a flexible budget, what is the reason for the difference between the profit figures in the two budgets?
• The time taken for initial unit of a product is 100 hours. At 80% learning rate what is the total time for 4 units.
• The difference in total cost that results from two alternative courses of action is called
• In two consecutive periods, sales and profit were Rs. 1,60,000 and Rs. 8,000 respectively in the first period and Rs. 1,80,000 and Rs. 14,000 respectively during the second period. If there is no change in fixed cost between the two periods, the PV ratio must be:
• A budget that gives a summary of all the functional budgets and projected Profit and Loss A/c is known as
• Absorption Costing is also known as:
• Marginal costing is also known as
• The well known basic function of management is