Labour Variance Flashcards
1
Q
Total Labour variance
A
( st hrs x st rate) - ( act hrs x act rate)
2
Q
Labour efficiency
A
St rate x ( st hours - act hrs)
3
Q
Labour rate
A
Act hrs x ( st rate - act rate)
Total Labour variance
( st hrs x st rate) - ( act hrs x act rate)
Labour efficiency
St rate x ( st hours - act hrs)
Labour rate
Act hrs x ( st rate - act rate)