Sir, if a question says that it takes 10 minutes to produce and assemble the product, do we have to consider it as standard hours or actual hours? also it says the product used an average of 2kgs of wood and fabric, and does that mean its actual material used?
nasrii says
Sir, if a question says that it takes 10 minutes to produce and assemble the product, do we have to consider it as standard hours or actual hours? also it says the product used an average of 2kgs of wood and fabric, and does that mean its actual material used?
John Moffat says
You must ask this sort of question in the Ask the Tutor Forum, and not as a comment on a lecture.
nasrii says
Sir, overall labour cost variance and rate variance are the same?
John Moffat says
No – the overall variance is the total variance (which is then analysed into the rate variance and the efficiency variance).
nasrii says
Sir, if a question says that it takes 10 minutes to produce and assemble the product, do we have to consider it as standard hours or actual hours?
John Moffat says
It depends on the exact wording of the question.