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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
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. $15 Actual time spent on the brake repairs 3 hours Hourly wage rate Payroll taxes 10% af wage rate Setup and downtime 12% of actual labor time Cleanup and rest periods 34% or actual labor time Fringe benefits 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 Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 1.25.) Standard direct labor hourly rates LINK TO TEXT LINK TO TEXT Determine the standard direct labor cost per brake repair. (Round answer to 2 decimal places, c.g. 1.25.) Standard direct labor cost per brake repairs LINK TO TEXT LINK TO TEXT If a brake repair taak 3.60 hours at the standard hourly rate, what was the direct labor quantity variance? (Round answer to 2 decimal places, c.g. 1.25.) Direct labor quantity variances Click if you would like to show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT Question Attempts: Unlimited
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