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G repairs electronic calculators. The wages budget for the last period was based on a standard repair time of 24 minutes per calculator and a...
G repairs electronic calculators. The wages budget for the last period was based on a standard repair time of 24 minutes per calculator and a standard wage rate of $10.60 per hour.
Following the end of the budget period, it was reported that:
Number of repairs 31,000
Labour rate variance $3,100 (A) Labour efficiency variance Nil
Based on the above information, the actual wage rate during the period was: