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Exercise 10-5 (Algo) Working Backwards from Labor Variances (L010-2) Quality Motor Company is an auto repair shop that uses standards to control its labor time
Exercise 10-5 (Algo) Working Backwards from Labor Variances (L010-2) Quality Motor Company is an auto repair shop that uses standards to control its labor time and tobor cost. The standard labor cost for a motor tune-up is given below: Standard tour 2.50 Motor tune-up standard Rata $32.00 Standard Cost S80.00 The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls that 52 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups Labor kate variance Labor spending variance 5300 5340U Required: 1. Determine the number of actual labor hours spent on tune-ups during the week 2. Determine the actual hourly pay rate for tune-ups last week (Round your answer to 2 decimal places.) hours 1. Actual labor hours 2 Actual hourly rate per hour
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