Accounting · Cost Accounting
Which of the following formulas is correct for computing the Labour Efficiency Variance?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Standard Labour Cost - Actual Labour Cost
- 2Standard Rate × (Standard Time - Actual Time)✓
- 3Actual Time × (Standard Rate - Actual Rate)
- 4Standard Rate × Idle Time
Correct answer
Standard Rate × (Standard Time - Actual Time)
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Cost Accounting MCQs →Want more practice questions on Cost Accounting?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Cost Accounting