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Exercise 10-5 (Algo) Working Backwards from Labor Variances (LO10-2) 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 (LO10-2) Quality Motor Company is an auto repair shop that uses standards to control its labor time and labor cost. The standard labor cost for a motor tune-up is given below nts Standard Hours 2.50 Motor tune-up Standard Rate Standard Cost $31.00 577.50 eBook The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls that 56 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups: Hi Print Labor rate variance Labor spending variance $ 146 5102 U References 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 Adual hourly rate per hour
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