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Category > Accounting Posted 25 Apr 2017 My Price 3.00

Monte Services, Inc. is trying to establish the standard

Monte Services, Inc. is trying to establish the standard labor 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   4.00 hour
Hourly wage rate   $12
Payroll taxes   13% of wage rate
Setup and downtime   7% of actual labor time
Cleanup and rest periods   26% of actual labor time
Fringe benefits   24% of wage rate


A Determine the standard direct labor hours per oil change. (Round answer to 2 decimal places, e.g. 1.25.)

(b) Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 1.25.)

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 25 Apr 2017 08:04 AM My Price 3.00

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file 1493110816-435048_1_636286368907555879_435048.xlsx preview (119 words )
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