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The budgeted production of product G for the period was 300 units.

The budgeted production of product G for the period was 300 units. At the end of the period it was discovered that the standard hourly rate for labour should have been higher than that originally planned. Actual production was 450 units.

The labour rate planning variance would be calculated as:

A.

The revised standard cost of 450 units compared with the original standard cost of 450 units

B.

The revised standard cost of 300 units compared with the orginal standard cost of 300 units

C.

The revised standard cost of 450 units compared with the original standard cost of 300 units

D.

The revised standard cost of 300 units compared with the original standard cost of 450 units

CIMA P1 Summary

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  • Product: P1
  • Update on: Jul 29, 2025
  • Questions: 260
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