Accounting Multiple Choice Question – 21 April 2021

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Accounting
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The following information relates to labour costs. 

  • standard pay rate per hour  —  £7.50
  • actual pay rate per hour  —  £9.00
  • actual hours worked  —  60,000 hours
  • labour efficiency variance  —  £12,000 adverse

What is the standard number of labour hours for actual output?

Select ONE answer:

  1. 48,667
  2. 51,333
  3. 58,400
  4. 61,600

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

  1. Not correct
  2. Not correct
  3. Correct ==> (60,000 – X) * £7.50 = £12,000 Adverse where X = 58,400
  4. Not correct

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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