Quality Motor Company established the standard labor cost for a motor tune-up shown below: Motor tune-up Standard Hours 2.50 Standard Rate Standard Cost $ 32.00 $ 80.00 The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls 52 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 Required: $ 300 F $ 340 U 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. Note: Round your answer to 2 decimal places. 1. Actual labor hours 2. Actual hourly rate hours per hour
Quality Motor Company established the standard labor cost for a motor tune-up shown below: Motor tune-up Standard Hours 2.50 Standard Rate Standard Cost $ 32.00 $ 80.00 The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls 52 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 Required: $ 300 F $ 340 U 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. Note: Round your answer to 2 decimal places. 1. Actual labor hours 2. Actual hourly rate hours per hour
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 9EB: Eagle Inc. uses a standard cost system. During the most recent period, the company manufactured...
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Dharmesh
![Quality Motor Company established the standard labor cost for a motor tune-up shown below:
Motor tune-up
Standard
Hours
2.50
Standard Rate Standard Cost
$ 32.00
$ 80.00
The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor
recalls 52 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
Required:
$ 300 F
$ 340 U
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.
Note: Round your answer to 2 decimal places.
1. Actual labor hours
2. Actual hourly rate
hours
per hour](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9f96007e-d994-41d3-8555-2e61dbc6fdea%2F885b7958-f768-4258-9859-aea6e4385648%2Ffoon27u_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Quality Motor Company established the standard labor cost for a motor tune-up shown below:
Motor tune-up
Standard
Hours
2.50
Standard Rate Standard Cost
$ 32.00
$ 80.00
The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor
recalls 52 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
Required:
$ 300 F
$ 340 U
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.
Note: Round your answer to 2 decimal places.
1. Actual labor hours
2. Actual hourly rate
hours
per hour
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