The following data are available from the records of XYZ Ltd, where Standard Costing is followed:
|
Actual output in the month of April ’09 |
= 52,000 units |
|
Actual wages paid |
= Rs. 1,25,000 |
|
Number of days worked in April ’09 |
= 25 days |
|
Idle time paid and included in above |
= 1 day |
|
Number of workers |
= 100 |
|
Standard wage rate |
= Rs. 40 per day |
|
Standard daily output per worker |
= 20 units |
Calculate:
i. LCV; ii. LRV; iii. LEV; and iv. LITV.