(A Company has a standard of 1 direct labor hour per unit at Rs.12 per – McqOptions

MCQOPTIONS

1.	(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 total labor variance is
A.	Rs.770 unfavourable
B.	Rs.800 unfavourable
C.	Rs.1,030 favourable
D.	Rs.1,930 favourable
Answer» E.

Discussion

No Comment Found

Related MCQs

Accounting is concerned with measurement of the cost and value of people for the organization.
..accounting is the adoption and analysis of accountinginformation and its diagnosis and explanation in such a way so as to assist thedecision -makers.
..costs are pre-determined targets adainst which actual results are evaluated.
The important objective of ..accounting is to organize the accumulated financial data into meaningful information.
Planning is that function of ..which requires an efficient system of decision making.
Budgetary control helps to introduce a suitable incentive and remuneration based on
Plant utilization budget and Manufacturing overhead budgets are types of.
The management accounting can be stated an extension ofI)Cost AccountingII)Financial Accounting
Which of the following is not the limitation of Management Accounting?I)Developing StageII)Resistance from StaffIII)Lack of wide knowledgeIV)Decision Making
What is formula of Capital employed?I)Shareholder's Funds+Non Current LiabilitiesII)Total Assets-Current LiabilitiesIII)Non Current Assets-Working capitalIV)Total Assets-Total Liabilities