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Labor variances

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Labor variances

  • This topic has 1 reply, 2 voices, and was last updated 2 months ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • May 22, 2022 at 3:51 pm #656191
    agust82
    • Topics: 3
    • Replies: 1
    • ☆

    Hi.

    Is it possible to find the various labor variances (cost, efficiency and rate) without knowing the actual hours worked even though you have information on actual production, actual sales, standard hours, standard and actual material used?

    Thanks.

    Augustine Farmer

    May 22, 2022 at 4:40 pm #656200
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 50034
    • ☆☆☆☆☆

    Probably! But why are you asking? If you are referring to a past exam question (or a question from the BPP Revision Kit) then say which one, and what your problem is – I will then explain 🙂

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