Q. (A Company has a standard of 1 direct labor hour per unit at Rs.12 per hour. 3,850 labor hours costing Rs.46,970 were used to produce 4,000 units.)Company’s labor price variance is (Solved)
1. Rs.770 favourable
2. Rs.770 unfavourable
3. Rs.1,030 favourable
4. Rs.1,030 unfavourable
- b. Rs.770 unfavourable