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 2.50 Motor tune-up The record showing the time spent

Quality Motor Company established the standard labor cost for a motor tune-up shown below: Standard Hours 2.50 Motor tune-up The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls 60 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups: Labor rate variance Labor spending variance Required: Standard Rate Standard Cost $35.00 $ 87.50 1. Actual labor hours 2. Actual hourly rate 1. Determine the number of actual labor-hours spent on tune-ups during the week. 2. Determine the actual hourly pay rate for tune-ups last week. Note: Round your answer to 2 decimal places. K $50 F $55 U hours per hour
image text in transcribed
Quality Motor Company established the standard labor cost for a motor tune-up shown below: The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls 60 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups: Required: 1. Determine the number of actual labor-hours spent on tune-ups during the week. 2. 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

Oil And Gas Accounting

Authors: Steven M. Bragg

2nd Edition

1642210668, 9781642210668

More Books

Students also viewed these Accounting questions

Question

If f is periodic, then f' is periodic. F(x)

Answered: 1 week ago

Question

A coupon for future price reductions

Answered: 1 week ago