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John Moffat.
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nk16
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When we have labour hrs paid n labour hrs worked…means their is ideal time…
But for labour rate variance what labour hrs should be multiplied by the standard rate?
John Moffat
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The actual hours that were paid.
nk16
- Topics: 66
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Okay…
But Kaplan text book shows
Actual hrs paid *actual labour rate
Actual hrs worked *standard labour rate…
So am confusedJohn Moffat
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What you have quoted from the Kaplan book is not the rate variance.
The labour rate variance is the actual hours paid at actual rate, compared with actual hours paid at standard pay rate.
Do watch my lectures on idle time variances.
nk16
John MoffatViewing 4 posts - 1 through 4 (of 4 total)
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