alleryStart learning →Standard wage rate is Rs 50 an hour. Workers earned Rs 48 an hour for 300 hours. What is the rate variance?
ARs 600 favourable
BRs 600 adverse
CRs 300 favourable
DRs 150 adverse
Answer & Solution
Correct answer: A. Rs 600 favourable
Rate saving is 2 per hour over 300 hours, which is Rs 600, and paying less than standard is favourable.
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