Question
Labor efficiency variance is a key performance metric in
cost accounting that measures the difference between the actual labor hours worked and the standard labor hours allowed for the actual production. This variance helps businesses assess how efficiently labor resources are being utilized. During a period 17,500 labour hours were worked at a standard cost of Rs 6.50 per hour. The labour efficiency variance was Rs 7,800 favourable. How many standard hours were produced?Solution
Labor Efficiency Variance=(Standard Hours−Actual Hours)×Standard Cost per Hour 7,800 = (Standard Hours−17,500) × 6.50 Standard hours produced is 18,700.
Under Section 320(1) of Cr.PC for fraudulent removal or concealment of property etc. to prevent distribution among creditors, which section of IPC is ap...
As per the Indian Stamp Act if an instrument falls within two or more descriptions in Schedule I, how is the duty charged?
Which of the following is not defined in the Indian Evidence Act?
Which of the following statements is correct?
A lets a house to B at yearly rent of Rs 12000/- The rent for the whole of the years 2015, 2016 and 2017 is due and unpaid. A sues B in 2018 only for th...
According to the Bharatiya Nagarik Suraksha Sanhita, which of the following male persons shall not be required to attend at any place other than their p...
Under the Occupational Safety, Health and Working Conditions Code, how many days in a week can a worker typically be allowed to work in an establishment?
The Chairman and Whole time Members of SEBI may hold office for a period not exceeding___________________
Complaint, as provided under section 2(d) of CrPC
Where a cheque is crossed specially to more than one banker, except when crossed to an agent for the purpose of collection_____________________
