Metlock, Inc. experienced the following variances: materials price $336 U, materials quantity $1,632 F, labor price $768 F, labor quantity $480 F, and total overhead $1,152 U. Sales revenue was $88,424, and cost of goods sold (at standard) was $49,536. Determine the actual gross profit. Actual gross profit $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Coronado 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 1.70 hour $20.40 10% of wage rate 20% of actual labor time 30% of actual labor time 25% of wage rate (a) Determine the standard direct labor hours per brake repair. (Round all intermediate and final answer to 2 decimal places, e.g. 1.25.) Standard direct labor hours per brake repair hours e Textbook and Media Save for Later Attempts: 0 of 3 used Submit