Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ayayal Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and

image text in transcribed

Ayayal Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and motion studies conducted over the past month. Actual time spent on the brake repairs Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits 3 hours $15 20% of wage rate 6% of actual labor time 34% of actual labor time 25% of wage rate Your answer is correct. Determine the standard direct labor hours per brake repairs. (Round answer to 2 decimal places, e.g. 1.25.) Standard direct labor hours per brake repair T 4.20 hours LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE your answer is correct. Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 1.25.) Standard direct labor hourly rate 2 21:18 LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Your answer is correct. Determine the standard direct labor cost per brake repair. (Round answer to 2 decimal places, e.g. 1.25.) Standard direct labor cost per brake repair J 91.35 LINK TO TEXT LINK TO TEXT VIDEO. SIMILAR EXERCISE Your answer is partially correct. Try again. If a brake repair took 3.60 hours at the standard hourly rate, what was the direct labor quantity variance? (Round answer to 2 decimal places, e.g. 1.25.) Direct labor quantity variance Favorable Click if you would like to Show Work for this question: Open Show Work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Control And Internal Audit In Non Profit Organizations A Practical Model

Authors: Kamal Bayramov

1st Edition

6203464015, 978-6203464016

More Books

Students also viewed these Accounting questions

Question

suggest a range of work sample exercises and design them

Answered: 1 week ago