ACCA Examples

Favorable Labour Rate Variance Formula In labour rate variance would be favorable, if actual cost is lower than standard cost. in other w...

Labour Rate Variance Formula In labour rate variance actual cost and standard cost of actual labour spent is compared. Labour rate varian...

Unfavorable Labour Efficiency Variance Formula Unfavorable Labour efficiency variance would result, where actual are more than standard h...

Favorable Labour efficiency Variance Formula Favorable Labour efficiency variance would result in, when actual hours taken by labour are ...

Labour Efficiency Variance formula Labour efficiency variance shows the efficiency of the labour i.e. how efficiently labour has worked...

Piecework Formula Piecework is a Labour payment method or system used to calculate payment of labour based on output.  The labour payment...

Overtime Premium Rate Formula Overtime premium rate usually is paid as percentage of basic rate. Premium rate is used to pay the bonus or...