Question

Calculate the labour efficiency variance with the help of the following information. 1. Actual hours incurred - 1100 hr at an actual rate of ₹8.5 per hr 2. Standard hours - 1000 hr at a standard rate of ₹10 per h

A 1000(A)
B 850(F)
C 850(A)
D 1000(F)
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)