From the following information as furnished by a manufacturing company, calculate the labour variances:
|
|
Standard |
Actual |
|
Average Wages per worker per month (Rs.) |
500 |
528 |
|
No. of workers |
1,200 |
1,100 |
|
No. of working days in a month |
25 |
24 |
|
Output (units) |
60,000 |
56,000 |