The standard composition of workers and their wage rates for producing certain product during a given month are as follows:• 12 skilled workers @ OMR 8 per hour each• 8 semi-skilled workers @ OMR 6 per hour each• 10 unskilled workers @ OMR 4 per hour eachDuring the month, the actual composition of workers was:• 10 skilled workers @ OMR 9 per hour each• 6 semi-skilled workers @ OMR 5 per hour each• 8 unskilled workers @ OMR 3 per hour eachThe standard output of the group was expected to be 5 units per hour. However, the workers were unable to produce any output for 8 hours due to a power failure. The group of workers was engaged for 120 hours during the month, and 580 units of output were recorded calculate LCV, LRV, LEV, LIIV, LYV and LMV
The standard composition of workers and their wage rates for producing certain product during a given month are as follows:
• 12 skilled workers @ OMR 8 per hour each
• 8 semi-skilled workers @ OMR 6 per hour each
• 10 unskilled workers @ OMR 4 per hour each
During the month, the actual composition of workers was:
• 10 skilled workers @ OMR 9 per hour each
• 6 semi-skilled workers @ OMR 5 per hour each
• 8 unskilled workers @ OMR 3 per hour each
The standard output of the group was expected to be 5 units per hour. However, the workers were unable to produce any output for 8 hours due to a power failure. The group of workers was engaged for 120 hours during the month, and 580 units of output were recorded calculate LCV, LRV, LEV, LIIV, LYV and LMV
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