Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Quality Motor Company established the standard labor cost for a motor tune - up shown below: Standard Hours Standard Rate Standard Cost Motor tune -

Quality Motor Company established the standard labor cost for a motor tune-up shown below:
Standard Hours Standard Rate Standard Cost
Motor tune-up 2.50 $ 36.00 $ 90.00
The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls 56 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups:
Labor rate variance $ 400 F
Labor spending variance $ 500 U
Required:
Determine the number of actual labor-hours spent on tune-ups during the week.
Determine the actual hourly pay rate for tune-ups last week.
Note: Round your answer to 2 decimal places.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To solve this problem we need to determine both the actual labor hours spent and the actual hourly pay rate for the motor tuneups based on the given s... 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

Financial and Managerial Accounting the basis for business decisions

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

18th edition

125969240X, 978-1259692406

More Books

Students also viewed these Accounting questions

Question

Identify three ways in which rationalism differs from empiricism.

Answered: 1 week ago