The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost for a motor tune-up is given below:
Job Standard Hours Standard Rate Standard Cost
Motor tune-up 1.50 $6.20 $9.30
The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls that 230 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups:
Labor rate variance $900 F
Labor spending variance $249 F
Required:
1. Determine the number of actual labor-hours spent on tune-ups during the week.
2. Determine the actual hourly rate of pay for tune-ups last week.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of the following would be referred to as "accruals?" A. Cash paid prior to expenses being incurred B. Goods and services provided, not yet collected C. Expenses incurred, not yet paid D. Cash collected prior to goods or services being provided
Answers (1)
Questionnaires on situational leadership often ask for respondents to look at specific applications of leadership styles within situations, this may result in: a. Situational questionnaires do not ask these types of questions. b.
Answers (1)
Use the following example to answer the following questions: Imagine that Stella deposits $25,000 in currency (which she had been storing in her closet) into her checking account at the bank.
Answers (1)
Patrick's sales department meets to discuss targets and strategies for the coming month. as the head of the department, patrick invites input from all the employees. however, one member, brendan dominates the meeting by offering multiple suggestions.
Answers (1)
Travel has 7 percent, semiannual, coupon bonds outstanding with a current market price of $1,020.46, a par value of $1,000, and a yield to maturity of 6.72 percent. How many years is it until these bonds mature
Answers (1)
New Questions in Business
Suppose that a manufacturer has one major buyer who orders its EOQ of 20,000 units about once per month. Annual demand is 240,000 units. The manufacturer has a setup cost of $180 per order and a holding cost per unit of $10.
Answers (1)
The result of an inventory stockout usually results in a. a decrease in prices. b. an increase in lost sales. c. an increase in net profit. d. an increase in inventory costs. e. an increase in loyal customers.
Answers (1)
What is double entry bookkeeping?
Answers (2)
If the axle division is now operating at full capacity and can sell all its units to outside customers at the present selling price, what is the minimum selling price that axle should accept from the internal division
Answers (1)
8. Oscar is looking forward to retirement and feels lucky since he will receive a percentage of his monthly income from a plan his employer has funded. From which type of retirement plan will Oscar receive money? A. 401 (k) B. Defined benefit plan c.
Answers (1)