alleryStart learning →Standard wage rate is Rs 150 an hour but Rs 140 was paid for 500 hours. Labour rate variance?
ARs 5,000 adverse
BRs 7,500 favourable
CRs 5,000 favourable
DRs 1,400 favourable
Answer & Solution
Correct answer: C. Rs 5,000 favourable
Paying Rs 10 less on 500 hours saves 5,000, which is favourable.
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