| 01. |
From the following data calculate the different Direct Labour Variances:
| Category |
Original Standard |
|
Revised Standard |
|
Actual |
| Hrs |
Rate |
Amt |
|
Hrs |
Rate |
Amt |
|
Hrs |
Rate |
Amt |
| Skilled |
60 |
15 |
900 |
|
55 |
15 |
825 |
|
50 |
14 |
700 |
| Semi-skilled |
40 |
12 |
480 |
|
45 |
12 |
540 |
|
50 |
13 |
650 |
| Total |
100 |
|
1,380 |
|
100 |
|
1,365 |
|
100 |
|
1,350 |
| Standard Output : 100 units |
Actual Output : 80 units |
Solution
[TLCV = ; TLRPV = ; TLEV/LUV = ; TLITV = –
TLMV/LGCV = 0 ; TLYV/LSUV = ;]
|
| 02. |
From the following data, Calculate labour mix variance or gang composition variance.
Standard labour
120 Skilled workers @ Rs. 4,800 per month
240 Semi – skilled workers @ Rs. 2,600 per month
Actual Labour
138 Skilled workers @ Rs. 4,750 per month
344 Semi – skilled workers @ Rs. 2,825 per month
Due to shortage of skilled workers, it was decided to reduce the number of skilled workers by 10% and increase that of semi – skilled workers @ 5%
Solution
[LCV = ; LRPV = ; LEV/LUV = ; LITV = –
LMV/LGCV = 0 ; LYV/LSUV = ;]
|
| 03. |
The standard labour mix for producing 1,000 units of product is:
150 men of Grade A for 6 hours. i.e., 900 hrs. @ Rs. 10 p.h.
125 men of Grade B for 8 hours i.e., 1,000 hrs @ Rs. 8 p.h.
Actual production is 10,000 units. But due to shortage of Grade A labour, the standard mix had to be revised as 8,200 hrs of Grade A and 10,800 hrs of Grade B for producing 10,000 units.
Actual hours paid for were:
8,400 hours of Grade A @ Rs. 10.20 p.h.
10,980 hours of Grade B @ Rs. 7.80 p.h.
Calculate Labor Variances.
Solution
[LCV = ; LRPV = ; LEV/LUV = ; LITV = –
LMV/LGCV = 0 ;LYV/LSUV = ;]
|
|
cost,material,labour,fixed,variable,overhead,sales,profit,variance,reconciliation,standard,actual,formula interpretation,accounting.
|
cost,material,labour,fixed,variable,overhead,sales,profit,variance,reconciliation,standard,actual,formula interpretation,accounting.
|
|
|
