Economics · Variance Analysis
Which of the following scenarios best describes an example of a Labour Mix Variance?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Fewer hours were worked than the budgeted hours due to a strike, leading to under-utilization.
- 2An adverse variance occurred because a company used a higher proportion of unskilled labour and less skilled labour than the standard mix.✓
- 3A highly skilled worker took longer than the standard time to complete a production task.
- 4Wages increased from 50 rupees per hour to 60 rupees per hour, costing more than the budget.
Correct answer
An adverse variance occurred because a company used a higher proportion of unskilled labour and less skilled labour than the standard mix.
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