User Account

All Pages

Determine the standard direct labor hours per oil change

Assignment Help Accounting Basics
Reference no: EM131945636

Question - Monte 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 2.00 hour

Hourly wage rate $12

Payroll taxes 16% of wage rate

Setup and downtime 10% of actual labor time

Cleanup and rest periods 35% of actual labor time

Fringe benefits 24% of wage rate

(a) Determine the standard direct labor hours per oil change.

(b) Determine the standard direct labor hourly rate.

Reference no: EM131945636

Questions Cloud

What steps would you take to communicate this finding : While performing an audit on the internal control over financial reporting for AirWaves Corporation, What steps would you take to communicate this finding
Define diversity in brief : Define diversity. What are some issues you have to address when you are negotiating with someone from a different culture.
Equilibrium constant for the formation of cu : The equilibrium constant for the formation of Cu(CN)42- is 2.0 x 1030. Calculate the value of pCu2+, or -log[Cu2+], if we were to dissolve 2.87 g
Depreciation expense-what was net capital spending : The company's 2009 income statement showed a depreciation expense of $825,000. What was net capital spending for 2009?
Determine the standard direct labor hours per oil change : Monte Services, Inc. is trying to establish the standard labor cost of a typical oil change. Determine the standard direct labor hours per oil change
Small business experiences in an international expansion : What do you think are some factors a small business experiences in an international expansion?
Create barriers to fulfilling professional responsibility : Post a scenario of how a social worker's personal, ethical, and moral values in relation to the LGBTQ community might conflict with those of their clients.
Compute the total materials variance : Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.84 and the quantity purchased
Currency appreciation and cross rates : Suppose that 1 Euro could be purchased in the foreign exchange market today for $0.25. how many Euros would a dollar buy tomorrow?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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