Determine the standard direct labor hours per oil change, Accounting Basics

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Determine 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.

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

Determine the standard direct labor hours per oil change.

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Accounting Basics: Determine the standard direct labor hours per oil change

Reference No:- TGS055860

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Accounting Basics: Determine the standard direct labor hours per oil change

Reference No:- TGS055860

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Calculate the amt exemption

Q : Income recognized under the contract

Q : Sharing of the pre-bonus income problem

Q : What is taxable income

Q : Determine the standard direct labor hours per oil change

Q : What is the inventory turnover at retail

Q : How much taxable compensation is equivalent

Q : Regular income tax liability

Q : Appropriate to recognize revenue as the productive activity

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Accounting Basics: Determine the standard direct labor hours per oil change

Reference No:- TGS055860

Recent Questions Asked Accounting Basics

Q : Calculate the amt exemption

Q : Income recognized under the contract

Q : Sharing of the pre-bonus income problem

Q : What is taxable income

Q : Determine the standard direct labor hours per oil change

Q : What is the inventory turnover at retail

Q : How much taxable compensation is equivalent

Q : Regular income tax liability

Q : Appropriate to recognize revenue as the productive activity

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