Question

The standard time for a task is 4 hours per unit at a wage rate of ₹60 per hour. In a period, 500 units were produced in 1,900 hours, and the actual wage rate was ₹65 per hour. What is the Labour Rate Variance?

A ₹9,500 Adverse
B ₹9,500 Favourable
C ₹6,000 Adverse
D ₹6,000 Favourable
E ₹3,500 Adverse
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