Q. If standard hours are 400 @ Rs. 1 per hour and actual hours are 380 @ Rs. 1.25 perhour, the labour rate variance is: (Solved)

1. Rs. 20 (Favourable)

2. Rs. 25 (Favourable)

3. Rs. 100 (Adverse)

4. Rs. 95 (Adverse)

  • d. Rs. 95 (Adverse)
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