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Revised Standard Hours of Labours Formula

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Revised Standard Hours of Labours is a measure to assess the difference between the actual labor hours worked and the revised standard hours allowed for the actual level of output achieved. Check FAQs

RSHL = (\frac{AM}{SM}) \cdot (SL)

RSHL - Revised Standard Hours of Labours?AM - Actual Mix?SM - Standard Mix?SL - Standard Hours of Labour?

Revised Standard Hours of Labours Example

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Here is how the Revised Standard Hours of Labours equation looks like with Values.

Here is how the Revised Standard Hours of Labours equation looks like with Units.

Here is how the Revised Standard Hours of Labours equation looks like.

680 = (\frac{80}{100}) \cdot (850)

680 = (\frac{80}{100}) \cdot (850)

680 = (\frac{80}{100}) \cdot (850)

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Revised Standard Hours of Labours Solution

Follow our step by step solution on how to calculate Revised Standard Hours of Labours?

FIRST Step Consider the formula

RSHL = (\frac{AM}{SM}) \cdot (SL)

Next Step Substitute values of Variables

∴

RSHL = (\frac{80}{100}) \cdot (850)

Next Step Prepare to Evaluate

∴

RSHL = (\frac{80}{100}) \cdot (850)

LAST Step Evaluate

∴

RSHL = 680

Revised Standard Hours of Labours Formula Elements

Variables

Revised Standard Hours of Labours

Revised Standard Hours of Labours is a measure to assess the difference between the actual labor hours worked and the revised standard hours allowed for the actual level of output achieved.

Symbol: RSHL

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Revised Standard Hours of Labours

Actual Mix

Actual Mix represents the amount of that material expected to be consumed per unit of output or production.

Symbol: AM

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Actual Mix

Standard Mix

Standard Mix refers to the total amount of materials that should be used in production according to the established standards for a given level of output.

Symbol: SM

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Standard Mix

Standard Hours of Labour

Standard Hours of Labour refers to the combined sum of the actual quantities of all materials used in a production process where materials are consumed.

Symbol: SL

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Standard Hours of Labour

Other formulas in Cost Accounting category

Go Material Cost Variance

MCV = (SQAO \cdot STP) - (ACQ \cdot ACP)

Go Material Price Variance

MPRV = ACQ \cdot (STP - ACP)

Go Material Quantity

MQ = STP \cdot (SQ - ACQ)

Go Revised Standard Quantity

RSTQ = (\frac{SQM}{TSQ}) \cdot TAQ

How to Evaluate Revised Standard Hours of Labours?

Revised Standard Hours of Labours evaluator uses Revised Standard Hours of Labours = (Actual Mix/Standard Mix)*(Standard Hours of Labour) to evaluate the Revised Standard Hours of Labours, Revised Standard Hours of Labours is a metric used in managerial accounting to evaluate the difference between the actual labor hours worked and the revised standard hours required to complete a specific level of output. Revised Standard Hours of Labours is denoted by RSHL symbol.

How to evaluate Revised Standard Hours of Labours using this online evaluator? To use this online evaluator for Revised Standard Hours of Labours, enter Actual Mix (AM), Standard Mix (SM) & Standard Hours of Labour (SL) and hit the calculate button.

FAQs on Revised Standard Hours of Labours

What is the formula to find Revised Standard Hours of Labours?

The formula of Revised Standard Hours of Labours is expressed as Revised Standard Hours of Labours = (Actual Mix/Standard Mix)*(Standard Hours of Labour). Here is an example- 680 = (80/100)*(850).

How to calculate Revised Standard Hours of Labours?

With Actual Mix (AM), Standard Mix (SM) & Standard Hours of Labour (SL) we can find Revised Standard Hours of Labours using the formula - Revised Standard Hours of Labours = (Actual Mix/Standard Mix)*(Standard Hours of Labour).

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Revised Standard Hours of Labours Formula

Revised Standard Hours of Labours Example

Revised Standard Hours of Labours Solution

Revised Standard Hours of Labours Formula Elements

Other formulas in Cost Accounting category

How to Evaluate Revised Standard Hours of Labours?

FAQs on Revised Standard Hours of Labours

Variable Name