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 $ 29.00 $ 72.50
The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls 54 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups:
Labor rate variance $ 120 F
Labor spending variance $ 170 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

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

Strategic Business Management From Planning To Performance

Authors: Gary Cokins

1st Edition

1937352358, 978-1937352356

More Books

Students also viewed these Accounting questions

Question

What other requirements do they have for admission?

Answered: 1 week ago

Question

What laws were probably being violated?

Answered: 1 week ago