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Estimate the direct labour efficiency variance

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Reference no: EM133130123

Question - The following data is related to the bicycle manufacturing company:

Standard labour hour per bike = 4 hrs

Standard labour rate = Rs 15 per hour

During the month of April, the company manufactured 160 cycles and the workers worked for 700 labour hours. The total labour cost for the month of April was Rs 10,000.

Required - Estimate the following.

A. Direct labour cost variance

B. Direct labour rate variance

C. Direct labour efficiency variance

Reference no: EM133130123

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