Cc. 176. (b)Your answer is incorrect.Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, eg. 1.25.)Standard direct labor hourly rate $eTextbook and MediaSave for Later(c)The parts of this question must be completed in order. This part will be available when you complete the part above.(d)The parts of this question must be completed in order. This part will be available when you complete the part above.Your answer is correct.Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 1.25.)Standard direct labor hourly rateSHOW SOLUTIONLINK TO TEXT LINK TO TEXTYour answer is incorrect. Try again.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 repair20.30Direct labor quantity variance112.0612.18Attempts: 1 of 3 usedYour answer is incorrect. Try again..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.)UnfavorableClick if you would like to Show Work for this question: Open Show WorkSubmit Answer Monte Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected fromtime and motion studies conducted over the past month.Actual time spent on the brake repairsHourly wage ratePayroll taxesSetup and downtimeCleanup and rest periodsFringe benefits'(a)Your answer is correct.5 hours$1410% of wage rate9% of actual labor time29% of actual labor time25% of wage rateDetermine the standard direct labor hours per brake repairs. (Round answer to 2 decimal places, eg 1.25)Standard direct labor hours per brake repaireTextbook and Media6.9hoursAttempts: 1 of 3 used

Hi studentSince there are multiple subparts, we will answer only first three subparts.Variance…

(b) Your answer is incorrect. Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, eg. 1.25.) Standard direct labor hourly rate eTextbook and Media Save for Later $ 1 Attempts: 1 of 3 used Submit Answ (c) The parts of this question must be completed in order. This part will be available when you complete the part above.

(b) Your answer is incorrect. Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, eg. 1.25.) Standard direct labor hourly rate eTextbook and Media Save for Later $ 1 Attempts: 1 of 3 used Submit Answ (c) The parts of this question must be completed in order. This part will be available when you complete the part above.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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