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 ofsh10.60 per hour. Following the end of the budget period, it was reported that: Number of repairs 31,000 Labour rate variance sh3,100 (A) Labour efficiency variance Nil Based on the above information, what was the actual wage rate during the period?

Answer rating: 100% (QA)

To find the actual wage rate during the period we need to use the labor rate variance formula which ... View the full answer