(b)Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 1.25.)Standard direct labor hourly rate $ 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.5 hours$1220% of wage rate11% of actual labor time34% of actual labor time25% of wage rateDetermine the standard direct labor hours per brake repairs. (Round answer to 2 decimal places, e.g. 1.25.)Standard direct labor hours per brake repair7.25hours

Direct labor costs are the salaries paid to employees who are directly involved in manufacturing…

Answered: (b) Determine the standard direct labor…

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Concept explainers

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.

Question

100%

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

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
$12
20% of wage rate
11% of actual labor time
34% of actual labor time
25% of wage rate
Determine the standard direct labor hours per brake repairs. (Round answer to 2 decimal places, e.g. 1.25.)
Standard direct labor hours per brake repair
7.25
hours

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