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Please answer number 1 & 2 and show steps. Thanks!! Exercise 10-5 Working Backwards from Labor Variances L010-2] The auto repair shop of Quality Motor
Please answer number 1 & 2 and show steps. Thanks!!
Exercise 10-5 Working Backwards from Labor Variances L010-2] The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost for a motor tune-up is given belo: Standard Standard Standard Cost Hours Rate Motor tune- 1.90 $6.60 $12.54 ul The record showing the time spent in the shop last week on motor tune-ups has been misplaced However, the shop supervisor recalls that 200 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups: Labor rate $1,166F variance Labor spending $ 1761F variance Required: 1. Determine the number of actual labor-hours spent on tune-ups during the week 2. Determine the actual hourly rate of pay for tune-ups last week. (Round your answer to 2 decimal places.) Actual labor 176.6hours hours Actual hourly per rate 8.60 hourStep by Step Solution
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