Mathematics · Cost Accounting
A manufacturing unit provides the following labor data for a production run: Standard: 2,000 hours at ₹40 per hour. Actual: 2,100 hours at ₹42 per hour. The company experienced 50 hours of abnormal idle time due to a strike. Calculate the Labor Rate Variance and the Labor Idle Time Variance.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹4,200 Adverse; ₹2,000 Adverse✓
- 2₹4,000 Adverse; ₹2,100 Adverse
- 3₹4,200 Adverse; ₹2,100 Adverse
- 4₹4,000 Adverse; ₹2,000 Adverse
Correct answer
₹4,200 Adverse; ₹2,000 Adverse
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