Question
The organization budgeted $400,000 for 40,000 hours of direct labor to complete 16,000 units of finished product. The firm used 42,000 direct labor hours and completed 17,000 units of finished product. What is the direct labor efficiency variance if the actual wage rate is 11/hour?
More Alternate Sources of Finance Questions
- __________ refers to the attitude that includes a questioning mind and a critical assessment of audit evidence.
- Sukanya Samriddhi Account Scheme is one of the major schemes of Government of India targeted at the parents of girl children. The scheme encourages parents...
- The value stated on a bond certificate is called ______
- In January 2024, the RBI issued guidelines on the new RBI-Digital Payments Index (DPI). Which of the following parameters carries the highest weight in det...
- Calculate the Break-even point from the following information. Fixed overheads = Rs.60,000 Selling Price per unit = Rs.30 Direct material cost per unit ...
- The ceiling for declaration of dividend (dividend payout ratio) for NBFCs who do not accept public deposits and funds is _______.
- If the budgeted sales revenue is Rs.74,40,000 in the above product mix, what will be the margin of safety?
- Vidhi wants to invest in a bond. She analyses the yield to maturity of various bonds to identify the bond with the highest yield and invests in that. If th...
- Which of the following is the best explanation of the relevance of equivalent production units in process costing?
- What is the Capital to Risk Weighted Assets Ratio (CRAR) of scheduled commercial banks (SCBs) as of end March 2024 according to the Financial Stability Rep...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
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)