Revised Standard Hours of Labours Calculator

✖Actual Mix represents the amount of that material expected to be consumed per unit of output or production.ⓘ Actual Mix [AM]			+10% -10%
✖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.ⓘ Standard Mix [SM]			+10% -10%
✖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.ⓘ Standard Hours of Labour [SL]			+10% -10%

✖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.ⓘ Revised Standard Hours of Labours [RSHL]

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Formula

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Revised Standard Hours of Labours

Formula

`"RSHL" = ("AM"/"SM")*("SL")`

Example

`"680"=("80"/"100")*("850")`

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Revised Standard Hours of Labours Solution

STEP 0: Pre-Calculation Summary

Formula Used

Revised Standard Hours of Labours = (Actual Mix/Standard Mix)*(Standard Hours of Labour)
RSHL = (AM/SM)*(SL)
This formula uses 4 Variables

Variables Used

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

STEP 1: Convert Input(s) to Base Unit

Actual Mix: 80 --> No Conversion Required
Standard Mix: 100 --> No Conversion Required
Standard Hours of Labour: 850 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

RSHL = (AM/SM)*(SL) --> (80/100)*(850)

Evaluating ... ...

RSHL = 680

STEP 3: Convert Result to Output's Unit

680 --> No Conversion Required

FINAL ANSWER

680 <-- Revised Standard Hours of Labours

(Calculation completed in 00.004 seconds)

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Created by Aashna

IGNOU (IGNOU), India

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Verified by Keerthika Bathula

Indian Institute of Technology, Indian School of mines, Dhanbad (IIT ISM Dhanbad), Dhanbad

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Go Material Cost Variance = (Standard Quality for Actual Output*Standard Price)-(Actual Quantity*Actual Price)

Labour Cost Variance

Go Labour Cost Variance = (Standard Hours for Actual Output*Standard Rate)-(Actual Hours*Actual Rate)

Revised Standard Quantity

Go Revised Standard Quantity = (Standard Quantity of each Material/Total Standard Quantity)*Total Actual Quantity

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Labour Efficiency Variance

Go Labour Efficiency Variance = Standard Rate*(Standard Time-Actual Time)*Variance

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Labour Rate Variance

Go Labour Rate Variance = Actual Time*(Standard Rate-Actual Rate)*Variance

Cycle Time

Go Cycle Time = Process Time+Inspection Time+Move Time+Queue Time

Revised Standard Hours of Labours

Go Revised Standard Hours of Labours = (Actual Mix/Standard Mix)*(Standard Hours of Labour)

Material Yield Variance

Go Material Yield Variance = (Actual Unit Usage-Standard Unit Usage)*Standard Cost per Unit

Overall Equipment Effectiveness

Go Overall Equipment Effectiveness = Good Count*Ideal Cycle Time/Planned Production Time

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Go Avoided Costs = Assumed Repair Cost+Production Losses-Preventative Maintenance Cost

Material Usage Variance

Go Material Usage Variance = Standard Price*(Actual Quantity Units-Standard Quantity)

Labour Mix Variance

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Material Price Variance

Go Material Price Variance = Actual Quantity*(Standard Price-Actual Price)

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Go Customer Acquisition Cost = Cost of Sales and Marketing/Number of New Customers Acquired

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Go Total Addressable Market = Annual Contract Value per Client*Number of Potential Clients

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Go Average Days Delinquent = Days Sales Outstanding-Best Possible Days Sales Outstanding

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Go Backorder Rate = (Number of Undeliverable Orders/Total Number of Orders)

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Go Monthly Recurring Revenue = Number of Customers*Average Billed Amount

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Go Sell Through Rate = Number of Units Sold/Number of Units Received

Takt Time

Go Takt Time = Production Available Time/Customer Demand

On-Time Delivery

Go On-Time Delivery = On Time Units/Total Units

Revised Standard Hours of Labours Formula

Revised Standard Hours of Labours = (Actual Mix/Standard Mix)*(Standard Hours of Labour)
RSHL = (AM/SM)*(SL)

What is Revised Standard Hours of Labours ?

Revised Standard Hours of Labours is the difference between the actual hours worked by labourers and the revised standard hours allowed for the actual output achieved, reflecting whether labour efficiency deviates from the updated standards. In essence, it compares the actual labour hours used in production to the revised standard hours that should have been consumed given the actual level of output achieved. This variance helps management understand whether labour efficiency has improved or declined relative to the updated standards, aiding in identifying areas for improvement and making informed decisions to enhance operational performance. These are the hours that should have been worked based on a revised or updated standard for the level of output achieved. This revision could be due to changes in processes, technology, or other factors that affect the expected time it takes to produce a unit of output.

How to Calculate Revised Standard Hours of Labours?

Revised Standard Hours of Labours calculator uses Revised Standard Hours of Labours = (Actual Mix/Standard Mix)*(Standard Hours of Labour) to calculate 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 calculate Revised Standard Hours of Labours using this online calculator? To use this online calculator for Revised Standard Hours of Labours, enter Actual Mix (AM), Standard Mix (SM) & Standard Hours of Labour (SL) and hit the calculate button. Here is how the Revised Standard Hours of Labours calculation can be explained with given input values -> 680 = (80/100)*(850).

FAQ

What is 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 and is represented as RSHL = (AM/SM)*(SL) or Revised Standard Hours of Labours = (Actual Mix/Standard Mix)*(Standard Hours of Labour). Actual Mix represents the amount of that material expected to be consumed per unit of output or production, 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 & 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.

How to calculate 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 is calculated using Revised Standard Hours of Labours = (Actual Mix/Standard Mix)*(Standard Hours of Labour). To calculate Revised Standard Hours of Labours, you need Actual Mix (AM), Standard Mix (SM) & Standard Hours of Labour (SL). With our tool, you need to enter the respective value for Actual Mix, Standard Mix & Standard Hours of Labour and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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