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X AND Y PRODUCES WIDGET
EACH SHOULD TAKE 0.5 HOURS TO MAKE. STANDARD RATE OF PAY IS $ 10
IDLE TIME TO BE 5% OF HOURS PAIDTHEY ACTUALLY PRODUCES 10800 WIDGET THEY PAY 6000 HOURS FOR $ 50000 OF WHICH 330 ARE IDLE TIME
WHAT IS LABOUR EFFICIENCY AND LABOUR IDLE TIME VARIANCE
Labour efficiency: std hr*actual pdn-actual hrs paid
=(0.5*10800-6000)hrsremaining hrs less idle hrs, the multiply by std rate
=(600hrs-330)10/95%=2842(A)
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