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Labour Efficiency Variance

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Labour Efficiency Variance

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 29, 2014 at 3:09 pm #214432
    Marianne
    Member
    • Topics: 14
    • Replies: 17
    • ☆

    This is from the Revision Mock Exam
    Y plc produces widgets

    Each 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

    November 29, 2014 at 4:51 pm #214465
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54748
    • ☆☆☆☆☆

    So? What is your question?

    (The answer is correct if that is what you are asking!)

    November 29, 2014 at 4:52 pm #214466
    Marianne
    Member
    • Topics: 14
    • Replies: 17
    • ☆

    I couldn’t understand how they got the answer, but I see you now answered it on someone elses thread.

    Thanks

    November 29, 2014 at 5:18 pm #214478
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54748
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
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