help with part D please Engines Done Right Co. is trying to establish the standard labor cost of a typical engine tune-up. The following data have been collected from time and motion studies conducted over the past month.Actual time spent on the tune-upHourly wage ratePayroll taxesSetup and downtimeCleanup and rest periodsEmployee benefits(a)(b)1.0 hour$1715% of wage rate10% of actual labor time20% of actual labor time25% of wage rateYour answer has been saved. See score details after the due date.Determine the standard direct labor hours per tune-up. (Round answer to 2 decimal places, e.g. 15.10.)Standard direct labor hourly rateStandard direct labor hours per tune-upYour answer has been saved. See score details after the due date.1.3Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 15.25.)$23.80hoursAttempts: 1 of 1 usedAttempts: 1 of 1 used (b)Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 15.25.)(c)Your answer has been saved. See score details after the due date.Standard direct labor hourly rate $(d)Your answer has been saved. See score details after the due date.Determine the standard direct labor cost per tune-up. (Round answer to 2 decimal places, e.g. 15.25.)Standard direct labor cost per oil change23.80Direct Labor Quantity Variance $$Save for LaterIf a tune-up took 1.6 hours at the standard hourly rate, what was the direct labor quantity variance? Identify whether the variance is favorable or unfavorable. (Round answer to 2 decimal places, e.g. 15.25.)30.94Not ApplicableUnfavorableFavorableAttempts: 1 of 1 usedAttempts: 1 of 1 usedAttempts: 0 of 1 usedSubmit Answer

The variance arises when there is the difference between actual costs and budgeted costs. The…

Engines Done Right Co. is trying to establish the standard labor cost of a typical engine tune-up. The following data have been collected from time and motion studies conducted over the past month. Actual time spent on the tune-up Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Employee benefits 1.0 hour $17 15% of wage rate 10% of actual labor time 20% of actual labor time 25% of wage rate

Engines Done Right Co. is trying to establish the standard labor cost of a typical engine tune-up. The following data have been collected from time and motion studies conducted over the past month. Actual time spent on the tune-up Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Employee benefits 1.0 hour $17 15% of wage rate 10% of actual labor time 20% of actual labor time 25% of wage rate

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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