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Data of Labour employed in Dinkar …

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Data of Labour employed in Dinkar Rai Co. to produce one of product is as under unit. 17.5 Particular Std. Hours Wage Rate Per Hour Total Payment Skilled 10 3-00 30-00 Semi-skilled 08 1-50 12-00 Unskilled 16 1-00 16-00 Actual production of a product is 1000 units. Data of actual Production is as under: Particular Std. Hours Wage Rate Per Hour Total Payment Skilled 9,000 4-00 36,000 Semi-skilled 8,400 1-50 12,600 Unskilled 20,000 0-90 18,000 Calculate following variances from above particulars. (1) Labour Cost Variance (2) Labour Rate Variance (3) Labour Efficiency Variance (4) Labour Mix Variance (5) Labour Revised Efficiency Variance
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