Monte Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and motion studies conducted over the past month.
Actual time spent on the brake repair 4.0 hour
Hourly wage rate $14
Payroll taxes 12% of wage rate
Setup and downtime 5% of actual labor time
Cleanup and rest periods 31% of actual labor time
Fringe benefits 23% of wage rate
Determine the standard direct labor hours per brake repair. (Round answer to 2 decimal places, e.g. 1.25.)
Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 1.25.)
Determine the standard direct labor cost per brake repair. (Round answer to 2 decimal places, e.g. 1.25.)
If a brake repair took 4.60 hours at the standard hourly rate, what was the direct labor quantity variance? (Round answer to 2 decimal places, e.g. 1.25.)