how do l go about the question below
A company produces units that should take 1.5 hrs to make.The standard rateof pay is $15 per hour.ldle time is expected to 10% of hours paid.
They actually produce 20 000 units.They pay $520 000.00 for 38 000 hours, of which 3000 hours are idle.
What is the labour effficiency variance (to the nearest $)?
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Labour efficiency variance
10y ago#1You need to watch my free lecture on advanced idle time variances - I cannot type out the whole lecture here :-)
(Our lectures are a complete course for Paper F5 and cover everything you need to be able to pass the exam well)
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