A company's wage budget for the last month was based on a standard production time of 30 minutes per unit and a standard wage rate of 50 per hour.…
CA Intermediate · Cost and Management Accounting · PYQS · January 2026
A company's wage budget for the last month was based on a standard production time of 30 minutes per unit and a standard wage rate of 50 per hour. During the last month, it produced 30,000 units. The labour rate variance was - 7,500 adverse and the labour efficiency variance was nil. What is the actual wage rate per unit during the last month?
Suggested Answer and Working Notes:
Correct Answer: Option (D)
₹ 25.25
Topics: Standard Costing, Budgets and Budgetary Control
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