Technical Problems
If you can't download lecture notes or have problems with watching lectures please visit the support page>>Donate
If you find OpenTuition study materials useful in your studies, please聽consider making a donation - it will help us enormously to be able to expand and improve the resources that we offer.
Donate here
Comments
Leave a Reply
You must be logged in to post a comment.
Quick question we manufactured 8900 units at 5hrs per unit at cost of $5 per labour hour which means the standard labour cost should be 8900*5=44500hrs*$5=$222500 how come you are getting total labour hours of 45400?
The question says that the actual labour hours paid were 45,400, and it is the actual hours paid that we use when calculating the rate of. pay variance.
Thanks John
dear sir why are we taking actual hours worked rather than paid in variable expenditure variance? is the reason because expense is incurred while labour worked.
Can I find the list of formulas anywhere for the variances?
No. All the rules are explained in the lectures – better then to write the formulae down yourself 馃檪