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?Solution
Answer: LEV = (Actual Hours – Standard Hours) * Standard Rate .Here, LEV = (42000-42500)*10 = 5000F Here, Standard rate = 400000/40000 = 10/ hour And standard hours = 17000*40000/16000 = 42500.
Who is the CEO of National Housing Bank?
Where is India’s first ferret research center (or similar specialized veterinary facility) notably mentioned?
From which international group or agreement did the US withdraw under Donald Trump’s administration?
Which of the following statements is TRUE about IMF?
What is the limit on the amount of money for trade related transactions under RDA?
Which of the following is true about the Debit Card of the Banks?
I. By Automated Teller Machine customers can deposit or withdraw money fro...
The D-SIBs banks are classified into _______ buckets.
________________ is authorised to issue and encash the electoral bonds, which are valid for fifteen days from the date of issuance.
Goods and services tax (GST) collections hit an all-time high in April. What is the amount collected?
A scheduled commercial bank is one -
