ES The following information is gathered from the labor records of Binamul & Co. Payroll allocation for direct labor is Rs. 1, 31, 600 Time card analysis shows that 9,400 hours were worked on productions lines. Production reports for the period showed that 4,500 units have been completed, each having standard labor time of 2 hours and a standard labor rate of Rs. 15 per hour. Calculate the labor variances.

Ramona Company has the following labor-related data:   Standard labor hours for output: 15,000 hours   Standard labor rate: $10 per hour   Actual labor rate: $8 per hour   Actual labor hours: 17,500 hours   Given this data, which one of the following would be included in the single journal entry needed to record Wages Payable and the labor variances?   a. credit Labor Efficiency Variance for $25,000   b. debit Labor Rate Variance for $35,000   c. credit Wages Payable for $175,000   d. debit Work-In-Process Inventory for $140,000   e. credit Labor Rate Variance for $10,000   f. credit Labor Rate Variance for $35,000   g. credit Labor Efficiency Variance for $10,000

Subject:

The following labour standards have been established for a particular product:standard labour hours per unit of output 2.0 hoursstandard labour rate = $15.00 per hourThe following data pertain to operations concerning the product for the last month:Actual hours worked 3700 hoursactual total labour cost $58000actual output 2300 units what was the labour rate variance for the month?a)1295 favourableb) 2500 unfavorablec) 2950 favourabled) 2950 unfavourable