Q5. The details regarding Labour force engaged in a work scheduled to be completed in30 hours are as follows-StandardCategory oferkersStandard wage rate/hr. Actual(in Rs.)Actual Wage rate/hr.(in Rs.)NumberNumberSkilled75607070Semi-Skilled45403050Un Skilled60308020Total180180The work is actually completed in 32 hours. Calculate Labour Variances. Show your workingclearly.

Direct Labor:- Direct labor refers to expenses incurred in respect of the labor involved in the…

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

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 8PA: Breakaway Companys labor information for May is as follows: A. What is the actual direct labor rate...

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