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This is from the Revision Mock Exam
Y plc produces widgetsEach widget takes 0.5 hours to make. The standard rate of pay is $10 per hour. Idle time is expected to be 5% of hours paid.
They actually produce 10,800 units. They pay $50,000 for 6000 hours, of which 330 hours are idle.
What is the labour efficiency variance?Answer – $2,842 A
So? What is your question?
(The answer is correct if that is what you are asking!)
I couldn’t understand how they got the answer, but I see you now answered it on someone elses thread.
Thanks
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