Question

The following data is available from a factory: Actual hours worked in a week: 3,600, Actual wages paid: ₹7,200, Standard wage rate per hour: ₹1.80, Standard hours produced: 3,000 Considering the given data, which of the following statements is true?

A The labour cost variance is ₹1,800 (F).
B The labour rate variance is ₹600 (A).
C The labour rate variance is ₹720 (F).
D The labour efficiency variance is ₹1,080 (A).
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