User Account

All Pages

Determine the standard direct labor hours

Assignment Help Accounting Basics
Reference no: EM13846040

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

1.00 hour

Hourly wage rate

$14

Payroll taxes

12% of wage rate

Setup and downtime

8% of actual labor time

Cleanup and rest periods

29% of actual labor time

Fringe benefits

21% of wage rate

Determine the standard direct labor hours per oil change.

Determine the standard direct labor hourly rate.

Determine the standard direct labor cost per oil change.

If an oil change took 1.5 hours at the standard hourly rate, what was the direct labor quantity variance?

Reference no: EM13846040

Questions Cloud

What is the theoretical and practical trade-off : What is the theoretical and practical trade-off when measuring the pension liability using the projected benefit obligation compared to the accumulated benefit obligation?
Who is god and what are his characteristics : Who is God and what are His characteristics? What is a human being and what happens when one dies? What is the nature of the universe? How do you know what you know? How do you know what is true
Which elements of deangelos balance sheet are affected : calculated pension expense for its underfunded pension plan as follows: Required: Which elements of DeAngelo's balance sheet are affected by the components of pension expense? What are the specific changes in these accounts?
What do jesus healings of others tell us about who jesus is : What do Jesus' healings of others tell us about who Jesus is? What key themes stand out as most important from Jesus' teaching? Which parable of Jesus is most meaningful in the film? Why
Determine the standard direct labor hours : Determine the standard direct labor hours per oil change. Determine the standard direct labor hourly rate. Determine the standard direct labor cost per oil change.
What are the possible components of pension expense : What are the possible components of pension expense? Which of these elements would exist in every defined benefit plan?
Problem regarding the pearl ltd-beryl ltd : On 1 July 2011, Pearl Ltd acquired all the shares of Beryl Ltd.  On this date, the equity of Beryl Ltd consisted of:
How can supply-chain and inventory management concepts help : How can supply-chain and inventory management concepts help Silvaro Motors reduce investment and space requirements whilst maintaining adequate service levels?
Identify the worldview of the individual you selected : Identify the worldview of the individual you selected. Identify 5-8 reputable sources that provide information related to the worldview of the individual you selected

Reviews

Write a Review

Accounting Basics Questions & Answers

  Consider the task of scheduling five jobs abcd and e which

consider the task of scheduling five jobs abcd and e which needs 3521 and 2 hours respectively on machine 1 and4413 and

  Analyze the situation and recommend a course of action what

analyze the situation and recommend a course of action. what should installation division managers do? what should

  Select article from the wall street journal the economist

select article from the wall street journal the economist the journal of accountancy or business week and give a

  Why is net profit always greater in absorption costing than

why is net profit always greater in absorption costing than indirect costing? why cost accountants use two types of

  What is the equity at the end of year

At the begining of the year , Addison Company's assets are 259,000 and it's equity is 194,250. During the year ,assets increased 80,000 and liabilities increase 52,643. What is the equity at the end of the year?

  Net realizable value of receivables-financial statements

The practice of reporting the net realizable value of receivables in the financial statements is commonly called:

  Which divisional manager seems to be doing the better job

Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover.

  Ursula company maintains a petty cash fund for small

ursula company maintains a petty cash fund for small expenditures. the following transactions occurred over a 2-month

  Discussion-the power of groups

Groups may be both a boon (for example, they statistically outperform individuals) and a bane (for example, they take too long) of decision making. While they can systematically outperform individuals, groups are also prey to systematic bias and o..

  Inventoriable for the specific month

In manufacturing its products for the month of September 2008, El Dorado Corporation incurred normal spoilage of $7,000 and abnormal spoilage of $3,000. How much spoilage cost should El Dorado charge as inventoriable for the month of September 200..

  There were no direct materials price or direct labor rate

at the beginning of june cornerstone printing company budgeted 10000 books to be printed in june at standard direct

  Whats the gain or loss on the redemption

Face rate is 10 % and maeket rate 12%. What's the carrying value after the first interest payment is made on June 30? Also, if the bonds are retired on July 4, at a call price of 105, what's the gain or loss on the redemption?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd