Question
In: Accounting
The auto repair shop of Quality Motor Company uses standards to control the labor time and...
The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost for a motor tune-up is given below: Job Standard Hours Standard Rate Standard Cost Motor tune-up 2.10 $6.50 $13.65 The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls that 140 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups: Labor rate variance $ 495 F Labor spending variance $ 1,169 U Required: 1. Determine the number of actual labor-hours spent on tune-ups during the week. 2. Determine the actual hourly rate of pay for tune-ups last week. (Round your answer to 2 decimal places.)
Solutions
ekkarill92 answered 1 year agoRelated Solutions
The auto repair shop of Quality Motor Company uses standards to control the labor time and...
The auto repair shop of Quality Motor Company uses standards to
control the labor time and labor cost in the shop. The standard
labor cost for a motor tune-up is given below:
Standard Hours
Standard Rate
Standard Cost
Motor tune-up
3.00
$7.00
$21.00
The record showing the time spent in the shop last week on motor
tune-ups has been misplaced. However, the shop supervisor recalls
that 250 tune-ups were completed during the week, and the
controller recalls the following variance...
The auto repair shop of Quality Motor Company uses standards to control the labor time and...
The auto repair shop of Quality Motor Company uses standards to
control the labor time and labor cost in the shop. The standard
labor cost for a motor tune-up is given below:
Standard
Hours
Standard
Rate
Standard
Cost
Motor tune-up
2.5
$25.00
$62.50
The record showing the time spent in the shop last week on motor
tune-ups has been misplaced. However, the shop supervisor recalls
that 50 tune-ups were completed during the week, and the controller
recalls the following variance...
The auto repair shop of Quality Motor Company uses standards to control the labor time and...
The auto repair shop of Quality Motor Company uses standards to
control the labor time and labor cost in the shop. The standard
labor cost for a motor tune-up is given below:
Job
Standard
Hours
Standard
Rate
Standard
Cost
Motor tune-up
1.50
$6.20
$9.30
The record showing the time spent in the shop last week on motor
tune-ups has been misplaced. However, the shop supervisor recalls
that 230 tune-ups were completed during the week, and the
controller...
The auto repair shop of Quality Motor Company uses standards to control the labor time and...
The auto repair shop of Quality Motor Company uses standards to
control the labor time and labor cost in the shop. The standard
labor cost for a motor tune-up is given below:
Standard Hours
Standard Rate
Standard Cost
Motor tune-up
2.50
$35.00
$87.50
The record showing the time spent in the shop last week on motor
tune-ups has been misplaced. However, the shop supervisor recalls
that 60 tune-ups were completed during the week, and the controller
recalls the following variance...
The auto repair shop of Quality Motor Company uses standards to control the labor time and...
The auto repair shop of Quality Motor Company uses standards to
control the labor time and labor cost in the shop. The standard
labor cost for a motor tune-up is given below:
a. Standard Hours b.Standard Rate c. Standard Cost Motor
tune-up
a. 12.60 b. $4.00 c. $10.40
The record showing the time spent in the shop last week on motor
tune-ups has been misplaced. However, the shop supervisor recalls
that 180 tune-ups were completed during the week, and the...
(A) On December 1, Bob waldo started an auto repair shop, Waldo’s Quality automotive. The following...
(A)
On December 1, Bob waldo started an auto repair shop,
Waldo’s Quality automotive. The following transactions occurred
during December:
12/01 Waldo contributed $70,000.00 cash to the business in
exchange for common stock.
12/01 Paid 1,750.00 for a five -month insurance policy, starting
December 1st.
12/01 Purchased $12,000.00 of equipment, paying cash
12/09 Paid $20,000.00 cash to purchase land
12/10 Purchased office supplies on account for $2,800.00
12/19 Borrowed $15,000.00 from the bank. Waldo signed a note
payable. The note...
On December 1, Bob waldo started an auto repair shop, Waldo’s Quality automotive. The following transactions...
On December 1, Bob waldo started an auto repair shop,
Waldo’s Quality automotive. The following transactions occurred
during December:
12/01 Waldo contributed $70,000.00 cash to the business in
exchange for common stock.
12/01 Paid 1,750.00 for a five -month insurance policy, starting
December 1st.
12/01 Purchased $12,000.00 of equipment, paying cash
12/09 Paid $20,000.00 cash to purchase land
12/10 Purchased office supplies on account for $2,800.00
12/19 Borrowed $15,000.00 from the bank. Waldo signed a note
payable. The note is...
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Repair time, including travel time, is exponentially distributed,
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(Round your answer to 2 decimal places.) Number of customers
b. Determine system utilization. (Round your answer to 2 decimal
places. Omit the "%" sign in your...
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