Management Accounting Test Questions

Q.  XYZ factory working for 50 hours per week employs hundred workers on a job work. The standard output is 200 units per gang hour and standard rate is Rs 1 per hour. During a week in June, five employees were paid @ Rs 1.20 per hour and ten employees were paid @ 80 paise per hour. Rest of the employees were paid @ standard hour rate. The actual number of units produced was 10,200. Determine labour cost variance

a. Rs 100 favorable
b. Rs 150 unfavorable
c. Rs 150 favorable
d. Rs 100 unfavorable

ANSWER: See Answer
No explanation is available for this question!