(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
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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 Media
Save 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 rate
SHOW SOLUTION
LINK TO TEXT LINK TO TEXT
Your 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 repair
20.30
Direct labor quantity variance
112.06
12.18
Attempts: 1 of 3 used
Your 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.)
Unfavorable
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Submit Answer
Transcribed Image Text:(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 (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 rate SHOW SOLUTION LINK TO TEXT LINK TO TEXT Your 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 repair 20.30 Direct labor quantity variance 112.06 12.18 Attempts: 1 of 3 used Your 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.) Unfavorable Click if you would like to Show Work for this question: Open Show Work Submit Answer
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 repairs
Hourly wage rate
Payroll taxes
Setup and downtime
Cleanup and rest periods
Fringe benefits
'(a)
Your answer is correct.
5 hours
$14
10% of wage rate
9% of actual labor time
29% of actual labor time
25% of wage rate
Determine the standard direct labor hours per brake repairs. (Round answer to 2 decimal places, eg 1.25)
Standard direct labor hours per brake repair
eTextbook and Media
6.9
hours
Attempts: 1 of 3 used
Transcribed Image Text: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 repairs Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits '(a) Your answer is correct. 5 hours $14 10% of wage rate 9% of actual labor time 29% of actual labor time 25% of wage rate Determine the standard direct labor hours per brake repairs. (Round answer to 2 decimal places, eg 1.25) Standard direct labor hours per brake repair eTextbook and Media 6.9 hours Attempts: 1 of 3 used
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