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Wildhorse Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and
Wildhorse 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. Actual time spent on the brake repairs 4 hours Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits $14 20% of wage rate 10% of actual labor time 30% of actual labor time 25% of wage rate Determine the standard direct labor hours per brake repairs. (Round answer to 2 decimal places, e.g. 1.25.) Standard direct labor hours per brake repair hours LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 1.25.) Standard direct labor hourly rate LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Determine the standard direct labor cost per brake repair. (Round answer to 2 decimal places, e.g. 1.25.) Standard direct labor cost per brake repair LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE If a brake repair took 4.60 hours at the standard hourly rate, what was the direct labor quantity variance? (Round answer to 2 decimal places, e.g. 1.25.) Direct labor quantity variance $ Click if you would like to Show Work for this question: Open Show Work
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