Calculate the direct labour cost variance from the following:
|
Standard output |
= |
500 units |
|
Actual output |
= |
400 units |
|
Standard time per unit |
= |
5 hrs |
|
Total actual time taken |
= |
2,200 hrs |
|
Standard rate of wages |
= |
Rs. 20 per hour |
|
Actual rate of wages |
= |
Rs. 25 per hour |