Auto repair worker, A contractor establishes a standard

Auto repair worker

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Reference no: EM133661289

Question

A contractor establishes a standard labor rate of $20 per hour for a labor category entitled "Auto Repair Worker." The workers in this category have experience ranging from 2 years to 20 years, with salaries ranging from $10 to $30 per hour. All workers perform all of the auto repair functions. The functions are not materially disparate and the employees performing the work are interchangeable with respect to these functions. Does the use of a standard labor rate for all employees in this labor category comply with Cost Accounting Standard (CAS) 407? Yes No.

Reference no: EM133661289

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