Exercise 23-4 (Part Level Submission) (a) Open Show Work SHOW SOLUTION SHOW ANSW
ID: 2578363 • Letter: E
Question
Exercise 23-4 (Part Level Submission)
(a)
Open Show Work
SHOW SOLUTION
SHOW ANSWER
LINK TO TEXT
LINK TO TEXT
(b)
Exercise 23-4 (Part Level Submission)
Monte 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 repair 1.0 hour Hourly wage rate $12 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
(a)
Your answer is correct. Determine the standard direct labor hours per brake repair. (Round answer to 2 decimal places, e.g. 1.25.)Standard direct labor hours per brake repair hours Click if you would like to Show Work for this question:
Open Show Work
SHOW SOLUTION
SHOW ANSWER
LINK TO TEXT
LINK TO TEXT
Attempts: 2 of 3 used(b)
Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 1.25.)Standard direct labor hourly rate
Explanation / Answer
Determine the standard direct labor hours per brake repair.
Standard direct labor hours per oil change = 1+1*20%+1*30% = 1.5 hours
Standard direct labor hours per oil change = 1.50 hours
Determine the standard direct labor hourly rate.
Standard direct labor hourly rate = 12+12*10%+12*25%
Standard direct labor hourly rate = $ 16.20
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.