Blue Spruce Services Inc. is trying to establish the standard labour cost of a typical oil change. The following data have been collected from time and motion studies conducted over the past month: Actual time spent on the oil change 1.00 hour Hourly wage rate Payroll taxes Set-up and downtime Cleanup and rest periods Fringe benefits $12.00 10% of wage rate 20% of actual labour time 30% of actual labour time 20% of wage rate

Q: 4. If a worker is paid based in proportion to the quantity of work he/she finishes. It is called. *…

A: Piece rate is the system in which the employee is paid for the work they complete irrespective of…

Q: Define indirect labor.

A: Labour are those people who are engaged in the organisation either for the purpose of production or…

Q: where the line is drawn between direct and indirect labor, is direct labor at an employee level or a…

A: Direct Labour is labour or workers that are directly engaged in production of goods. Indirect labour…

Q: What information is presented on a job cost sheetand what is its purpose?

A: Job Costing: Job costing is a way of accounting that is meant to assist you in keeping track of the…

Q: Calculate the total manufacturing costs for each job.

A: Overhead refers to the ongoing business expenses not directly attributed to creating a product or…

Q: The ________ is the hourly price charged to clients for professional labor. salary rate billing rate…

A: Professional labour is that labour which provides professional services to another person for a…

Q: In a work-order costing system, what is the objective of the job cost sheet

A: This question explains the objective of the job cost sheet:

Q: Why is industrial overhead calculated using direct labor

A: This question explains about  industrial overhead that which is  using direct labor:

Q: Define the term completion of job.

A: Completion of work means that the Project/Works have been completed  operationally and structurally…

Q: Which method of determined operating income is used internally for decision making and considers…

A: Variable costing method / Contribution margin income statement method of determined operating income…

Q: How is predetermined overhead rate established? How is it used to apply overhead?

A:

Q: how to calculate average labor time?

A: Lets understand the basics. Direct material and direct labor is required to produce goods or…

Q: What is the primary objective of any base wage and salary system?

A: A basic salary, also known as a base salary, is the amount of money that a salaried employee…

Q: What accounts in the income statement are used to determine labor cost per man hour? Wages would be…

A: Labor costs include wages, salaries, benefits, and any additional expenses incurred by the employer,…

Q: Why factory overhead is computed based on direct labor?

A: Refer Step 2 for explanation

Q: Wages paid to a labourer who is engaged in production activities should be classified as: a) direct…

A: Cost refers to the amount incurred in return for goods or services.

Q: What are the three types of costs that are typically recorded on a job cost sheet?

A: A job cost sheet is a record of all expenses relating to a single job or job segment. Companies that…

Q: Explain manufacturing cycle time.

A: Definition:   Product costs: The costs incurred to acquire the merchandise, ship the stock, prepare…

Q: In job order costing, on which of the following would labor costs be initially recorded? a. payroll…

A: In job order costing, labor costs are initially recorded on b. time tickets.Time tickets are used to…

Q: Compute the rate charged per hour of labor. Labor rate $ per hour

A: The labor rate is a rate, Based on this rate a company or a employer pays money to an employee for…

Q: Is manufacturing overhead cost given to tasks based on a precise determination of each job's…

A: Concept: Generally, overhead costs in the manufacturing industry are assigned based on a predefined…

Q: Define unit cost of a job.

A: Cost:   It is the economic value incurred by an organization for manufacturing the products or…

Q: What are the two types of manufacturing overhead? How do they affect the manufacturing overhead…

A: Manufacturing Expenses or Overhead are the indirect type of costs that a business incurs. These…

Q: hat is a contractive account and what is a cost to date account

A: Accounting is the practice of keeping track of a company's financial activities. Summarizing,…

Q: Among time basis and piece rate basis of wages payment which one will be beneficial for a less…

A: Time basis and piece rate basis are two methods of wage payment. Under time basis, workers are paid…