Extra Education
← All Management Accounting questions
1

XYZ factory working for 50 hours per week employs hundred workers on a job work. The standard output is 200 units per gang hour and standard rate is Rs 1 per hour. During a week in June, five employees were paid @ Rs 1.20 per hour and ten employees were paid @ 80 paise per hour. Rest of the employees were paid @ standard hour rate. The actual number of units produced was 10,200. Determine labour cost variance

Correct Answer: Rs 150 favourable

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: XYZ factory working for 50 hours per week employs hundred workers on a job work. The standard output is 200 units per gang hour and standard rate is Rs 1 per hour. During a week in June, five employees were paid @ Rs 1.20 per hour and ten employees were paid @ 80 paise per hour. Rest of the employees were paid @ standard hour rate. The actual number of units produced was 10,200. Determine labour cost variance | Extra Education