Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. quality motor company is an auto repair shop that

Quality Motor Company is an auto repair shop that uses standards to control its labor...

60.1K

Verified Solution

Question

Accounting

image

Quality Motor Company is an auto repair shop that uses standards to control its labor time and labor cost. The standard labor cost for a motor tune-up is given below: Standard Hours 2.50 Standard Rate $31.00 Standard Cost $77.50 Motor tune-up The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls that 56 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups: Labor rate variance Labor spending variance $ 146 F $ 102 U 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. (Round your answer to 2 decimal places.) 1. Actual labor hours hours 2. Actual hourly rate per hour

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

Q

In a recent issue of Consumer Reports, Consumers Union reported on their investigation of bacterial contamination...

Basic Math
Q

List the steps of the process that occurs in the cytoplasm of eukaryotic cells during translation.

Biology
Q

Why is the rapid initial growth rate of the hypocotyl-root axis important to seedlings? Contrast this...

Biology
Q

ampere d 5 0 ampere The diagram below shows two coils A and B placed...

Physics
Q

Fill in the blanks in the following difference table X 2 1 0 1 2...

Basic Math
Q

Find the absolute change and then find the percentage change Round answers to the nearest...

Basic Math
Q

Determine whether the following function is even, odd, or neither.f(x) = 2x - 3

Basic Math
Q

Find all real solutions of the equation 9t-7=29.Write your answers as a list, using a...

Basic Math
Q

A held-to-maturity debt investment with a book value of $6,000,000 is determined to be impaired...

Accounting
Q

1. Which of the following is a supplier cost? i. Inwards inspection ii. Outwards inspection...

Accounting
Q

Lean manufacturing attempts to do all of the following Select one: a. Assign costs to...

Accounting
Q

You sell 250,000 pesos short at the exchange rate of Peso/??$. Calculate your profit/loss if...

Finance