from the following information calculate the lcv lrv and lev 621604
From the following information, calculate the LCV, LRV and LEV:
Standard Rate per hour |
Rs. 4.00 |
Standard time per unit of output |
20 hrs |
Units Produced |
500 |
Actual hours worked |
12,000 |
Actual Labour Cost |
Rs. 38,400 |