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. Actual time spent on the brake repairs 3 hours Hourly wage rate $14 Payroll taxes 20% of wage rate Setup and downtime 10% of actual labor time Cleanup and rest periods 30% of actual labor time Fringe benefits 25% of wage rate