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    5. From the following data calculate Labor rate variance. Actual production = 1000 units. Actual hours

    Question

    From the following data calculate Labor rate

    variance. Actual production = 1000 units. Actual hours = 15,300. Actual rate = Rs. 3.90 per hour, Standard rate = Rs. 4.
    A Rs. 1540 Correct Answer Incorrect Answer
    B Rs. 1550 Correct Answer Incorrect Answer
    C Rs. 1530 Correct Answer Incorrect Answer
    D Rs. 1500 Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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