Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. monte services, inc. is trying to establish the st

Monte Services, Inc. is trying to establish the standard labor cost of a typical brake...

70.2K

Verified Solution

Question

Accounting

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 5 hours Hourly wage rate $14 Payroll taxes 10% of wage rate Setup and downtime 9% of actual labor time Cleanup and rest periods 29% of actual labor time Fringe benefits 25% of wage rate Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 1.25.) Standard direct labor hourly rate

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

PRICE Dollars per bowl 7 50 6 75 6 00 5 25 4 50 3...

Basic Math
Q

1. Why is it important for a hominid to have a more centralized to anterior foramen...

Medical Sciences
Q

John’s Weed-B-Gone yard service sprays lawns to rid them of weeds. John mixes the two chemicals,...

Finance
Q

Q 21 Find equivalent capacitance across AB all capacitances in F A B 9 F...

Physics
Q

3 A body freely falling from the rest has a velocity u after it falls...

Physics
Q

In a 18 cm long capillary tube water rises upto 16 3 cm height If...

Physics
Q

Match the descriptions with the compound interest formulas. A(t) gives the balance in dollars in...

Basic Math
Q

4 Write in exponential form a 7 b 10 10 4 915 c 228 d...

Algebra
Q

1. What are the main pros and cons of a Job-Order Costing system? ...

Accounting
Q

Analyze any food restaurant business? What fixed costs are there? If there are low fixed...

Accounting
Q

stuck on problem What are the portfolio weights for a portfolio...

Finance
Q

This is a marketing question

Accounting