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Which of the following statements are true about labour idle time?

A. Labour idle time variance is not caused by non-availability of raw material

B. Labour idle time variance is measured as : Abnormal idle hours * Actual hourly rate

C. Labour idle time variance is always unfavorable or adverse

D. All of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above