The Smart Garage Company uses standards to control the labour time and labour cost in the shop. The standard labour cost for a motor tune-up follows: Job Motor tune-up Standard Hours 4 Standard Rate $19 Standard Cost $76 The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls that 46 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups: Labour rate variance Total labour variance $124 F 130 U Required: 1. Determine the number of actual labour-hours spent on tune-ups during the week. (Round your answer to the nearest whole number.) Actual labour-hours hours
The Smart Garage Company uses standards to control the labour time and labour cost in the shop. The standard labour cost for a motor tune-up follows: Job Motor tune-up Standard Hours 4 Standard Rate $19 Standard Cost $76 The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls that 46 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups: Labour rate variance Total labour variance $124 F 130 U Required: 1. Determine the number of actual labour-hours spent on tune-ups during the week. (Round your answer to the nearest whole number.) Actual labour-hours hours
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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