Labour efficiency is higher at an index of 26 than the national average of 25.
2.
Keynes also argued that German coal mining efficiency would decrease but labour efficiency by 1929 had increased on the 1913 figure by 30 %.
3.
Keynes also argued that German coal mining efficiency would decrease, but labour efficiency by 1929 had increased on the 1913 figure by 30 %.
4.
There are two kinds of labour variances . " Labour Rate Variance " is the difference between the standard cost and the actual cost paid for the actual number of hours . " Labour efficiency variance " is the difference between the standard labour hour that should have been worked for the actual number of units produced and the actual number of hours worked when the labour hours are valued at the standard rate.
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