eBook Calculator Calculating Standard Quantities for Actual Production ermo's oil and Lube Company is a...

50.1K

Verified Solution

Question

Accounting

image
eBook Calculator Calculating Standard Quantities for Actual Production ermo's oil and Lube Company is a service company that offers oil changes and lubrication for automobiles and light trucks. On average, Guillermo has found that a typical oil change takes 27 minutes and 6.7 quarts of oil are used. In June, Guillermo's Oil and Lube had 980 oi changes, Required: 1. Calculate the number of quarts of oil that should have been used (SQ) for 980 oil changes. quarts 2. Calculate the hours of direct labor that should have been used (SH) for 950 oil changes direct labor hours 3. What if there had been 970 oil changes in June? would the standard quantites of oll (in quarts than the amounts calculated in Requlrements 1 and 23 s in June? would the standard quantibles of oll (in quarts) and of direct labar hours be higher or lower What would the new standard quanbities be? Round your ansiwers to swp decimal places So querts SH direct labor hours Check My

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