Q5. The details regarding Labour force engaged in a workscheduled to be completed in 30 hours are as follows-Categoryof Workers NumberStandardStandardActualActualNumberWagewagerate/hr. (inRs.)rate/hr.(in Rs.)Skilled75607070Semi-45403050SkilledUn Skilled60308020Total180180The work is actually completed in 32 hours. Calculate LabourVariances. Show your working clearly.

When production begins, certain cost is estimated for everything involved in production. Labor is…

Q5. The details regarding Labour force engaged in a work scheduled to be completed in 30 hours are as follows- Actual Category of Workers Number Standard Standard Actual Number wage rate/hr. (in Rs.) Wage rate/hr. (in Rs.) Skilled 75 60 70 70 Semi- 45 40 30 50 Skilled Un Skilled 60 30 80 20 Total 180 180 The work is actually completed in 32 hours. Calculate Labour Variances. Show your working clearly.

Q5. The details regarding Labour force engaged in a work scheduled to be completed in 30 hours are as follows- Actual Category of Workers Number Standard Standard Actual Number wage rate/hr. (in Rs.) Wage rate/hr. (in Rs.) Skilled 75 60 70 70 Semi- 45 40 30 50 Skilled Un Skilled 60 30 80 20 Total 180 180 The work is actually completed in 32 hours. Calculate Labour Variances. Show your working clearly.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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