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Analysis of Labor Cost and Efficiency in ByStarly's Production Process

This presentation delves into calculating LRV, LEV, and LCV based on standard and actual labor hours in ByStarly's production for 5 units during a 6-day period. Understand the cost implications and efficiency metrics in manufacturing processes.

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Analysis of Labor Cost and Efficiency in ByStarly's Production Process

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  1. Presentation on f.m Bystarly

  2. On nov-dec=2007(10marks)

  3. The stdlabour cost for producing 1units is 10 hours at rs-40%houers during a given period of 6working days of 8houers perday the total output was 5units and labour hour rate is rs-38 calculate 1)LRV 2)LEV 3)LCV

  4. SOLUTIONcalculate the stdhrs for actual output: 1)1units-10houres 5units-?10*5=50 1

  5. Calcut the actual houers8*6=481

  6. LRV=(SR-AR)*AH =(40-38)*48 =2*48 =96(F) LEV=(SH-AH)*SP =(50-48)*40 =2*40 =80(F) =

  7. LCV=(SH*SR)-(AH*AR) =(50*40)-(48*38) =2000-1824 =176(F)

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