Part D 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.(b)(c)Determine the standard direct labor hours per brake repairs. (Round answer to 2 decimal places, e.g. 1.25.)eTextbook and MediaYour answer is correct.Standard direct labor hours per brake repair5 hoursStandard direct labor hourly rate $$1220% of wage rate11% of actual labor timeeTextbook and Media34% of actual labor timeYour answer is correct.25% of wage rateDetermine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 1.25.)7.2517.40Standard direct labor cost per brake repair $hoursDetermine the standard direct labor cost per brake repair. (Round answer to 2 decimal places, e.g. 1.25.)126.15Attempts: 1 of 2 usedAttempts: 1 of 2 used (d)If a brake repair took 5.60 hours at the standard hourly rate, what was the direct labor quantity variance? (Round answer to 2decimal places, e.g. 1.25.)Direct labor quantity variance$tA

Direct labor rate variance measures the cost of the difference between the expected labor rate and…

Answered: (d) If a brake repair took 5.60 hours…

(d) If a brake repair took 5.60 hours at the standard hourly rate, what was the direct labor quantity variance? (Round answer to 2 decimal places, e.g. 1.25.) Direct labor quantity variance tA $

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter7: Linear Regression

Section: Chapter Questions

Problem 3P: Jensen Tire Auto is deciding whether to purchase a maintenance contract for its new computer wheel...

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Concept explainers

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.

Question

100%

Part D

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.
(b)
(c)
Determine the standard direct labor hours per brake repairs. (Round answer to 2 decimal places, e.g. 1.25.)
eTextbook and Media
Your answer is correct.
Standard direct labor hours per brake repair
5 hours
Standard direct labor hourly rate $
$12
20% of wage rate
11% of actual labor time
eTextbook and Media
34% of actual labor time
Your answer is correct.
25% of wage rate
Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 1.25.)
7.25
17.40
Standard direct labor cost per brake repair $
hours
Determine the standard direct labor cost per brake repair. (Round answer to 2 decimal places, e.g. 1.25.)
126.15
Attempts: 1 of 2 used
Attempts: 1 of 2 used

(d)
If a brake repair took 5.60 hours at the standard hourly rate, what was the direct labor quantity variance? (Round answer to 2
decimal places, e.g. 1.25.)
Direct labor quantity variance
$
tA

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