Question
Standard hours for actual production = 5,000 hours;
Actual hours worked = 5,500; Std rate per hour = ₹80. Calculate Labour Efficiency Variance.Solution
• LEV = (Std hours – Actual hours) × Std rate = (5,000 – 5,500) × 80 = –₹40,000 = ₹40,000 Adverse.
The wealth distribution in a certain country is described by following Lorenz Function
F(x) = x4 where x lies between 0 and 1. Please...
The standard deviation of a binomial distribution with parameter n=18 and p=2/3 is
Which of the following statements about contingent valuation is correct?
Which of the following is a key objective of India's New Industrial Policy 2019-2024?
What is the term used when explanatory variable is correlated with the error term?
The index of import prices stands at 120 and that of exports is 156. What is the terms of trade
Which of the following is a possible change in total revenue that occurs if you increase the price of a good with unit elasticity?
A central bank decides to increase money supply. For a given price level, the LM curve is expected to
R-square is the fraction of
What is the effective tariff rate on the commodity, when no imported inputs are used?
