{"id":56528,"date":"2024-04-16T00:46:12","date_gmt":"2024-04-16T00:46:12","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=56528"},"modified":"2024-04-16T00:46:12","modified_gmt":"2024-04-16T00:46:12","slug":"portion-of-labour-costvariance-which-is-due-to-the-difference-between-predetermined-working-days-and-actual-working-days-is","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/portion-of-labour-costvariance-which-is-due-to-the-difference-between-predetermined-working-days-and-actual-working-days-is\/","title":{"rendered":"Portion of labour costvariance which is due to the difference between predetermined working days and actual working days is"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9700b95172c\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    labour idle time variance                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"true\">\r\n                    labour calender variance                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    labour rate variance                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    labour efficiency variance                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: <strong>B. labour calendar variance<\/strong><\/p>\n<p>A labor calendar variance is the portion of labor cost variance that is due to the difference between predetermined <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> working days and actual working days. It is calculated by multiplying the difference between the predetermined working days and the actual working days <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> by the standard labor rate.<\/p>\n<p>A labor idle time variance is the portion of labor cost variance that is due to the difference between the actual hours worked and the standard hours allowed for the actual production. It is calculated by multiplying the difference between the actual hours worked and the standard hours allowed by the standard labor rate.<\/p>\n<p>A labor rate variance is the portion of labor cost variance that is due to the difference between the actual labor rate and the standard labor rate. It is calculated by multiplying the difference between the actual labor rate and the standard labor rate by the actual hours worked.<\/p>\n<p>A labor efficiency variance is the portion of labor cost variance that is due to the difference between the actual production and the standard production. It is calculated by multiplying the difference between the actual production and the standard production by the standard labor rate.<\/p>\n<p>Here is an example of how to calculate a labor calendar variance:<\/p>\n<p>Suppose a company has a standard working week of 40 hours. In a particular week, the company actually worked 38 hours due to a holiday. The standard labor rate is $10 per hour. The labor calendar variance for the week is calculated as follows:<\/p>\n<p>Labor calendar variance = (40 hours &#8211; 38 hours) * $10 per hour = $20<\/p>\n<p>This means that the company incurred an additional cost of $20 due to the difference between the predetermined working days and the actual working days.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Portion of labour costvariance which is due to the difference between predetermined working days and actual working days is<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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