Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Current Attempt in Progress Bramble's Piano Service, Inc. is trying to establish the standard labor cost of tuning a typical piano. The following data have

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Current Attempt in Progress Bramble's Piano Service, Inc. is trying to establish the standard labor cost of tuning a typical piano. The following data have been collected from time and motion studies conducted over the past three months. Actual time spent on tuning a piano 1.25 hours Hourly wage rate $50 Payroll taxes 12 % of wage rate Setup and downtime 5 % of actual labor time Travel and rest periods 15 % of actual labor time Fringe benefits 22 % of wage rate(a) Your answer is correct. Determine the standard direct labor hour per each piano that is tuned. (Round answer to 2 decimal places, e.g. 15.25.) Standard direct labor hour 1.50 hours e Textbook and Media Attempts: 1 of 5 used(b) Your answer is correct. Determine the standard direct labor hourly rate. Standard direct labor rate $ 67 per hour eTextbook and Media Attempts: 1 of 5 used(c) Determine the standard direct labor cost per each piano that is tuned. (Round answer to 2 decimal places, e.g. 15.25.) Standard direct labor cost LA per piano eTextbook and Media Save for Later Attempts: 0 of 5 used Submit

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

Step: 3

blur-text-image

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

Financial Accounting Plus

Authors: Robert Libby, Patricia Libby, Daniel Short

8th Edition

1259116832, 9781259116834

More Books

Students also viewed these Accounting questions

Question

How have psychologists and others confounded sex and gender?

Answered: 1 week ago

Question

Personal role: This consists of service to family and friends.

Answered: 1 week ago

Question

The role of life: It consists of your own service to yourself.

Answered: 1 week ago