Question
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
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 5 hours Hourly wage rate $14 Payroll taxes 10% of wage rate Setup and downtime 9% of actual labor time Cleanup and rest periods 29% of actual labor time Fringe benefits 25% of wage rate (a) 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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started