Formula for labour mix variance

Q.  The formula to estimate Labour Mix variance is
- Published on 15 Sep 15

a. Total standard labour cost of actual output - Total actual cost of actual output
b. (Standard rate per hour - Actual rate per hour) * Actual Hours
c. (Revised standard time - Actual time) * Standard rate
d. Abnormal idle hours * Standard hourly rate

ANSWER: (Revised standard time - Actual time) * Standard rate

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    Discussion

  • Spandana   -Posted on 12 Sep 21
    It is very usefull....
    I am grateful and I like it

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