Labour Efficiency VarianceForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Labour Efficiency VarianceThis 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)AuthorPosts November 29, 2014 at 3:09 pm #214432 MarianneMemberTopics: 14Replies: 17☆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 November 29, 2014 at 4:51 pm #214465 John MoffatKeymasterTopics: 57Replies: 54628☆☆☆☆☆So? What is your question?(The answer is correct if that is what you are asking!) November 29, 2014 at 4:52 pm #214466 MarianneMemberTopics: 14Replies: 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 MoffatKeymasterTopics: 57Replies: 54628☆☆☆☆☆You are welcome 🙂AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In