change, 1.00 hour], [Hourly wage rate, $12.00 QUESTION: determine the direct labour hourly rate.Blue Spruce Services Inc. is trying to establish the standard labour cost of a typical oil change. The following data have been collectedfrom time and motion studies conducted over the past month:Actual time spent on the oil change1.00 hourHourly wage ratePayroll taxesSet-up and downtimeCleanup and rest periodsFringe benefits$12.0010% of wage rate20% of actual labour time30% of actual labour time20% of wage rate

The objective of the question is to calculate the direct labour hourly rate for Blue Spruce Services…

Answered: change, 1.00 hour], [Hourly wage rate,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A manufacturer of ovens sells them for $1,370.00 each. The variable costs are $1,020.00 per unit. The manufacturer's factory has annual fixed costs of $2,460,000.00. Given the expected sales volume of 3,700 units for this year, what will be this year's net income? Round to two decimal places
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