Exercise 11-4 (Video) Monte 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. 1 hour Actual time spent on the brake repairs Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits $11 10% of wage rate 8% of actual labor time 32% of actual labor time 20% of wage rate 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 hours LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 1.25.) Standard direct labor hourly rate $ LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE 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 $ LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE CALCULATOR PRINTER VERSION BACK NEXT LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 1.25.) Standard direct labor hourly rate $ LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE 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 LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE If a brake repair took 1.60 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 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Question Attempts: Unlimited SAVE FOR LATER SUBMIT ANSWER INC Exercise 11-12 (Video) Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 110,000 units per year. The total budgeted overhead at normal capacity is $990,000 comprised of $330,000 of variable costs and $660,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd produced 85,400 putters, worked 92,800 direct labor hours, and incurred variable overhead costs of $192,150 and fixed overhead costs of $718,600. Compute the predetermined variable overhead rate and the predetermined fixed overhead rate. (Round answers to 2 decimal places, e.g. 2.75.) Variable Fixed Predetermined Overhead Rate $ $ LINK TO TEXT VIDEO: SIMILAR EXERCISE Compute the applied overhead for Byrd for the year. Overhead Applied $ LINK TO TEXT VIDEO: SIMILAR EXERCISE Compute the total overhead variance. Total Overhead Variance $ Click if you would like to Show Work for this question: Open Show Work