Calculate Effective rate of wages per hour from information given below Actual time taken by the wor...........

Costing - Phase (I & II) Basics of Cost Control and Analysis

Calculate Effective rate of wages per hour from information given below:

Actual time taken by the worker: 6 hours

Standard time allowed: 8 hours

Standard rate of wages per hour: 2/-

Dearness Allowance= 10/- per day

Rs.3.67/-

Rs. 4.67/-

Rs. 5.67/-

Rs. 6.67/-

Effective rate of wages per hour: Total wages/ Actual time taken

In given problem, effective rate of wages = 22/6= 3.67/-

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