Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

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 Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits 3 hours $12 20% of wage rate 12% of actual labor time 38% of actual labor time 25% of wage rate Your answer is correct. 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 4.5 hours 4.5 hours e Textbook and Media Attempts: 1 of 5 used X Your answer is incorrect. Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, eg. 1.25.) Standard direct labor hourly rate $ 12 e Textbook and Media Save for Later Attempts: 2 of 5 used Submit Answer 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 repair $ e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Answer 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 $ e Textbook and Media Save for Later Attempts: 0 of 5 used Submit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Automotive Audits Principles And Practices

Authors: D. H. Stamatis

1st Edition

0367696592, 978-0367696597

More Books

Students also viewed these Accounting questions