During July actual labour costs amounted to 19,800, the standard rate of pay was 4.50 per hour and the labour rate variance amounted to 225 adverse. The actual hours worked were:

Related MCQs

• The firm’s direct-labour rate variance was 4,800 unfavourable. Actual labour was 24,000 direct-labour hours, at a cost of 1,68,000, for 25,000 units of finished product that require 1 hour of direct labour each, at standard. What is the standard rate per direct-labour hour?
• To produce a particular batch of product, Falcon Corporation paid its workers 12.00 per hour for 4,000 hours of work. The standards for the quantity of work represented by the batch were 12.50 per hour and 4,400 hours. What was the labour efficiency variance?
• In August actual material used amounted to 5,650 kg, budgeted output was 1,000 units and standard material usage was 5 kg per unit. Actual output was 1,075 units. If the standard material cost of each product is 25 the material efficiency variance will be:
• The organization budgeted 400,000 for 40,000 hours of direct labour to complete 16,000 units of finished product. The firm used 42,000 direct-labour hours and completed 17,000 units of finished product. What is the direct-labour rate variance?
• An adverse labour efficiency variance together with a favourable labour rate variance may mean that:
• An adverse material usage variance together with a favourable materials price variance could suggest that:
• ----------- variance is always adverse.
• Calendar variance is the sub variance of ---------------
• The labour rate variance can be calculated by the following equation:
• Classification and accumulation of costs by fixed and variable costs is a distinctive feature of-----------