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labour hours

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › labour hours

  • This topic has 2 replies, 2 voices, and was last updated 10 years ago by saifudeen.
Viewing 3 posts - 1 through 3 (of 3 total)
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  • November 10, 2014 at 8:07 am #208745
    saifudeen
    Member
    • Topics: 85
    • Replies: 85
    • ☆☆

    in a period 12250 units were made and there was a favourable labour efficiency variance of $11250. IF 41000 labour hours were worked and the standard wage rate was $6 per hour , how many standard hours ( to two decimal places ) were allowed per unit ?

    sir, i dont know completely how to do this question . i tried but not getting correct answer thats y iam asking you .

    sir one more doubt i have is that what is the difference between standard , actual and budgeted labour hours . please provide me with an example.
    Thank you sir for your replies to my all questions.

    November 10, 2014 at 12:51 pm #208796
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    Their is an efficiency variance of 11250 which means they worked 11250/6 = 1875 hours less than they were expected to for the actual production.

    So the standard hours for the actual production is 41000 + 1875 = 42875 hours.

    Since 12250 units were produced, the standard hours per unit is 42875/12250 = 3.5 hours.

    Standard hours are the budgeted hours per unit; budgeted hours are the total expected hours; actual hours are the hours actually worked.

    You need to watch the lectures for examples of all of this.

    November 11, 2014 at 9:00 am #209007
    saifudeen
    Member
    • Topics: 85
    • Replies: 85
    • ☆☆

    sir,
    in which lectures these examples are there ? for labour i didnt see any lectures.
    so standard and budgeted hour are same ryt ?

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