Q. The formula to estimate Labour Mix variance is (Solved)
1. Total standard labour cost of actual output - Total actual cost of actual output
2. (Standard rate per hour - Actual rate per hour) * Actual Hours
3. (Revised standard time - Actual time) * Standard rate
4. Abnormal idle hours * Standard hourly rate
- b. (Standard rate per hour - Actual rate per hour) * Actual Hours