Extra Education
← All Management Accounting questions
1

Given standard time per unit is 80 hours, standard time per hour @ Rs 1 per hour, actual time per unit is 90 hours and actual rate per hour @ Rs 1.10 per hour. Determine labour cost variance, labour rate variance and labour efficiency variance.

Correct Answer: Rs 19, Rs 9 and Rs 10 all unfavorable

Make the most of this question

This page focuses on one Management Accounting question from Faculty. After checking the answer, return to the topic list to practice more or run a timed set.

← More Management Accounting MCQsAll Faculty topicsMock test hub
Management Accounting MCQ: Given standard time per unit is 80 hours, standard time per hour @ Rs 1 per hour, actual time per unit is 90 hours and actual rate per hour @ Rs 1.10 per hour. Determine labour cost variance, labour rate variance and labour efficiency variance. | Extra Education