Question
Given that the standard hours are 600, actual hours are
500, the standard labor rate is ₹2.5 per hour, and the actual labor rate is ₹2.2 per hour, what is the Labor Rate Variance?Solution
The Labor Rate Variance is calculated by multiplying the difference between the standard rate and the actual rate by the actual hours worked. In this case, the variance is ₹150, and it is favorable because the actual rate is lower than the standard rate. (2.5-2.2) * 500 = 150(F)
In a ‘10Y’ litres of mixture of milk and water, the quantity of milk is 60%. According to which of the following statements the value of ‘Y’ wi...
A 400 ml mixture consists of 30% alcohol. Find how much alcohol must be added so that alcohol makes up 50% of the new mixture.
Mixture ‘A’ contains 80% acetone and rest 30 litres water. Mixture ‘B’ contains 72 litres acetone and rest 50% water. When two m...
In a mixture, the quantity of salt is 40% of the quantity of water. On removing 90 litres mixture and adding 20 litres each of salt and water, the quant...
In a mixture of milk & water, 70 litres water is mixed due to which ratio changes from 3 : 4 to 1 : 3. Find initial quantity of mixture. (in litres)
A juice mixture contains 180 liters of liquid, where the amount of juice is 40% more than the amount of water. If 20 liters of juice is added, what will...
- A drum is filled with 840 litres of syrup and water in the ratio 2:5. If ‘k’% of the total solution is withdrawn and the water taken out is 210 litres,...
Quantity of milk is 10% more than that of water in 210 litres mixture. On adding (n - 5) litres water and (n + 5) litres milk, the new ratio becomes 11:...
A mixture contains 90% milk and rest water. A man withdrew some mixture and replaced it with same quantity of kerosene, such that the quantity of milk r...
400 litres of mixture X contains acetone and glycerine in the ratio 11:14, respectively. 100 litres of the mixture is withdrawn and labelled as mixture ...
