Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Shefheld 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 transcribed
image text in transcribed
Shefheld 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. Actualtime spent on the brake repairs 2.10 hour Hourly wage rate $25.20 Payroll taxes 10% of wage rate Setup and downtime 20% of actual labor time Cleanup and rest periods 30% of actual labor time Fringe benefits 25% of wage rate If a brake repair took 3.36 hours at the standard hourly rate, what was the direct labor quantity variance? (Round all intermediate and final answer to 2 decimal places, eg. 1.25.) Direct labor quantity variance $

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_2

Step: 3

blur-text-image_step3

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

More Books

Students also viewed these Accounting questions