Question 19 of 20 < > View Policies Current Attempt in Progress -/11 E: Concord's Piano Service, Inc. is trying to establish the standard labor cost of tuning a typical piano. The following data have been collected from time and motion studies conducted over the past three months. Actual time spent on tuning a piano Hourly wage rate 1.25 hours $50 14 % of wage rate Payroll taxes Setup and downtime Travel and rest periods Fringe benefits 92 5% of actual labor time 15 % of actual labor time 20 % of wage rate (a) Determine the standard direct labor hour per each piano that is tuned. (Round your intermediate calculations and final answer to 2 decimal places, e.g. 15.25.) Standard direct labor hour hours N W Save for Later 80 888 F4 F3 $ 4 #3 % 5 MacBook Air 66 27 & Attempts: 0 of 1 used Submit Answer F8 DA F9 00 F7 Dll 00 8 E R T Y U F10 9 0 - 0 S D F G H J K C
Question 19 of 20 < > View Policies Current Attempt in Progress -/11 E: Concord's Piano Service, Inc. is trying to establish the standard labor cost of tuning a typical piano. The following data have been collected from time and motion studies conducted over the past three months. Actual time spent on tuning a piano Hourly wage rate 1.25 hours $50 14 % of wage rate Payroll taxes Setup and downtime Travel and rest periods Fringe benefits 92 5% of actual labor time 15 % of actual labor time 20 % of wage rate (a) Determine the standard direct labor hour per each piano that is tuned. (Round your intermediate calculations and final answer to 2 decimal places, e.g. 15.25.) Standard direct labor hour hours N W Save for Later 80 888 F4 F3 $ 4 #3 % 5 MacBook Air 66 27 & Attempts: 0 of 1 used Submit Answer F8 DA F9 00 F7 Dll 00 8 E R T Y U F10 9 0 - 0 S D F G H J K C
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Question 19 of 20 < >
View Policies
Current Attempt in Progress
-/11 E:
Concord's Piano Service, Inc. is trying to establish the standard labor cost of tuning a typical piano. The following data have been
collected from time and motion studies conducted over the past three months.
Actual time spent on tuning a piano
Hourly wage rate
1.25 hours
$50
14 % of wage rate
Payroll taxes
Setup and downtime
Travel and rest periods
Fringe benefits
92
5% of actual labor time
15 % of actual labor time
20 % of wage rate
(a)
Determine the standard direct labor hour per each piano that is tuned. (Round your intermediate calculations and final answer to 2
decimal places, e.g. 15.25.)
Standard direct labor hour
hours
N
W
Save for Later
80
888
F4
F3
$
4
#3
%
5
MacBook Air
66
27
&
Attempts: 0 of 1 used
Submit Answer
F8
DA
F9
00
F7
Dll
00
8
E
R
T
Y
U
F10
9
0
-
0
S
D
F
G
H
J
K
C
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