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Exercise 11-4 Monte Services, Inc.

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Question;Exercise 11-4 (Part Level Submission)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 2.00 hourHourly wage rate $12Payroll taxes 16% of wage rateSetup and downtime 10% of actual labor timeCleanup and rest periods 35% of actual labor timeFringe 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.)Standard direct labor hours per oil change hours** Require the standard direct labors per oil change hours(b) Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 1.25.)Standard direct labor hourly rate $

 

Paper#43227 | Written in 18-Jul-2015

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