Calculate the lcv and lrv and lev

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Reference no: EM132510861

Data relating labour activities of a factory in one week are as follows.

Number of employees 200

standard hours per week 40

standard out per hour 250 units

labour rate : normal sh. 50, employees sh.45 and 4 employees sh 55 per hour. Actual out is 10,250 units.

Required:

Question 1: Calculate the: LCV, LRV and LEV. Each employee is allowed idle time of one hour.

Reference no: EM132510861

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