Quality Motor Company established the standard labor cost for a motor tune-up shown below: Standard Rate $ 34.00 Standard Cost $85.00 Motor tune-up Standard Hours 2.50 The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls 54 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups: 1. Actual labor hours. 2. Actual hourly rate Labor rate variance Labor spending variance Required: 1. Determine the number of actual labor-hours spent on tune-ups during the week. 2. Determine the actual hourly pay rate for tune-ups last week. Note: Round your answer to 2 decimal places. $ 350 F $ 500 U hours per hour

Quality Motor Company established the standard labor cost for a motor tune-up shown below: Standard Rate $ 34.00 Standard Cost $85.00 Motor tune-up Standard Hours 2.50 The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls 54 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups: 1. Actual labor hours. 2. Actual hourly rate Labor rate variance Labor spending variance Required: 1. Determine the number of actual labor-hours spent on tune-ups during the week. 2. Determine the actual hourly pay rate for tune-ups last week. Note: Round your answer to 2 decimal places. $ 350 F $ 500 U hours per hour

Name: Hansaben Quality Motor Company established the standard labor cost for
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Description: Hansaben Quality Motor Company established the standard labor cost for a motor tune-up shown below:StandardRate$ 34.00StandardCost$85.00Motor tune-upStandardHours2.50The record showing the time spent in the shop last week on motor tune-ups has been m

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 1CMA: MinnOil performs oil changes and other minor maintenance services on cars and trucks. The company...

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