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I need help with the question that I have attached. Thank you in advance Monte Services, Inc. is trying to establish the standard labor cost
I need help with the question that I have attached. Thank you in advance
Monte Services, Inc. is trying to establish the standard labor cost of a typical oil change. The following data have been collected from time and motion studies conducted over the past month. Actual time spent on the oil change Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits 3.0 hour $14 19% of wage rate 10% of actual labor time 31% of actual labor time 26% of wage rate Standard direct labor hours per oil change hours $ Standard direct labor hourly rate $ Standard direct labor cost per oil change $ Direct labor quantity varianceStep by Step Solution
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