Exercise 24-04 a-d (Video) Splish 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. Actual time spent on the brake repairs Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits 3 hours $14 20% of wage rate 10% of actual labor time 30% of actual labor time 25% 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 repaire LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE If a brake repair took 3.60 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 LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE