Find out the standard direct labor hours per oil change

Assignment Help Financial Accounting
Reference no: EM13123775

Quick Fix Services, Inc. is trying to establish the standard labor cost of a typical oil change.The following data have been collected from time and motion studies conducted over the past month.

Actual time spent on the oil change 1.0 hour
Hourly wage rate $10
Payroll taxes 10% of wage rate
Setup and downtime 10% of actual labor time
Cleanup and rest periods 30% of actual labor time
Fringe benefits 25% of wage rate

Find out the standard direct labor hours per oil change. (Round your answer to 1 decimal place, e.g. 10.5.)
hours

Reference no: EM13123775

Questions Cloud

Computing ambiguity equation : Calculate the ambiguity function of a signal with an envelope u(t) = Bexp(-t^2)T^2). What should be the value of B that will make the signal of the unit energy?
Budgeted sales for the first three months : Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $250,000, $320,000, and $410,000, respectively, for September, October, and November.
Finding curves : Find the curve that passes through the points (3, 2) and has the property that if the tangent line is drawn at any point P on the curve, then the part of the tangent line that lies in the first quadrant is bisected at P.
How reaction time decreased after one hundred eighty degrees : The letters were rotated away from 0 degrees. Interestingly, reaction time decreased after 180 degrees. Can you explain why this might occur?
Find out the standard direct labor hours per oil change : Quick Fix Services, Inc. is trying to establish the standard labor cost of a typical oil change.The following data have been collected from time and motion studies conducted over the past month. Find out the standard direct labor hours per oil ch..
Analyze a news from a global newspaper : News Analysis. Analyze a news from a global newspaper (Financial Times, Newsweek or a similar one), delivering a report that could be useful for your company to take a managerial decision.
Determine precession velocity and direction of system : Speed 800 rpm counter-clock wise looking from right-side. Determine the precession velocity and direction of the system at vertical axis through the axis centre.
Question regarding lipschitz functions : Show that if f:A->R is Lipschitz then it is uniformly continuous on A. Is the converse statement true? Are all uniformly continuous functions necessarily Lipschitz?
What is the molarity of zncl2 : What is the molarity of ZnCl2 that forms when 30.0 grams of zinc completely reacts with CuCl according to the following reaction? Assume a final volume of 275.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd