1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natasha2012 [34]
3 years ago
8

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 data relating to tune-ups: Labor rate variance $ 150 F Labor spending variance $ 200 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.)
Business
1 answer:
almond37 [142]3 years ago
5 0

Answer:

a. 150 hours

b. 24.2 hours

Explanation:

Given

Motor tune-up

Standard Hours 2.5

Standard Rate $25.00

Standard Cost $62.50

Labor rate variance $ 150 F

Labor spending variance $ 200 U

Tuneups = 50

a.

Efficiency Variance = Labor Rate Variance + Labor Spending Variance

Efficiency Variance = 150 + 200 = 350

Total Standard Rate = Standard Rate * Actual Hours

Total Standard Rate = 25 * AH

Total Standard Hours = Standard Hours * Turn ups

Total Standard Hours = 2.5 * 50= 150

Efficiency Variance = Standard Rate (Actual Hours - Total Standard Hours)

350 = 25 (AH - 150)

14 = AH - 150

AH = 150 + 14

AH = 164 hours

b.

Rate Variance = AH (Actual Rate - Standard Rate)

Where AH = 164

Actual Rate = ?

Standard Rate = 25

Rate Variance = -150 ---- Given

So

-150 = 164(AR -25)

-150/164 = AR - 25

AR = 25 - 150/164

AR = 3950/164

AR = 24.08537 ---

AR = 24.1 --- Approximated

You might be interested in
IKEA advertises throughout the year, but significantly increases its advertising during the back-to-school time frame, thus impl
wel

Answer:

Pulsing

Explanation:

Pulsing is the combination of flighting and persistent booking by utilizing a low promoting level lasting through the year and substantial publicizing during top selling periods.  

Product classes that are sold all year yet experience a flood in deals at irregular periods are great possibility for beating.

8 0
3 years ago
the us government gave land to the railroads to help them expand. what impact did these land grants have on industries in the we
Monica [59]

Due to the grants' encouragement of settling and the creation of new industrial prospects, the West's industries were able to expand.

<h3>What to you understand by Industries? </h3>

An industry is a collection of businesses that are connected by their main lines of activity. There are numerous categories of industries in contemporary economies. Sectors are generally used to combine together bigger groups of industry classifications.

The processing and transformation of natural resources (raw materials) into other finished and semi-finished products is the primary function of industry in each nation's economy.

Industries have a significant role in the economic activities of modern man. Any nation's industrial growth is a major factor in determining its economic development. The main components of contemporary civilization are industries, which give us access to the things we need and job possibilities.

To learn more about the Industries, Visit: brainly.com/question/2839443

#SPJ4

6 0
1 year ago
Bob holds a portfolio of 20 stocks from different industries, whereas Sharon holds only one stock in her portfolio. Assuming the
nikdorinn [45]

Answer:

The correct answer is: C. larger decrease in total risk.

Explanation:

The risk of an investment portfolio refers to the possibilities of obtaining the return, profit or profit you expect. Every investment involves a risk, and the more you can earn, the greater the risk. If you put your money on a fixed term, the risk is minimal, but it hardly gives you an interest even less than inflation. If you invest in the forex market, for example, you can earn a lot of money, but also the risk (that you do not achieve and even that you lose what you invested) is much greater. Every investor knows that he must assume some risk, because it is something inherent in the investment.

5 0
3 years ago
What is the purpose of a marketing plan?
Elza [17]

Answer:

The is purpose of marketing plan is to:define strategies to engage audiences in order to achieve business objectives

Explanation:

hope it helps

4 0
3 years ago
List the four steps in the response model for answering behavioral interview questions.
ad-work [718]
One technique in answering behavior interview questions is STAR where S makes for specific situation, T for task, A for action and R for result. SImple but efficient procedure
Thank you for your question. Please don't hesitate to ask in Brainly your queries. 
7 0
3 years ago
Read 2 more answers
Other questions:
  • The Young Americans for Freedom: Question 9 options: believed that the free market assured personal freedom. worked in tandem wi
    8·2 answers
  • All else equal and given the current system of exchange rates, if the United States enters a period of exceptionally strong grow
    13·1 answer
  • As noted in your text, global segmenting, targeting, and positioning are more complicated than domestic segmenting and positioni
    7·1 answer
  • Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is availab
    11·2 answers
  • The ______is a financial statement detailing a firm's assets, liabilities, and owners' equity.
    9·1 answer
  • Hall Co.’s allowance for credit losses had a credit balance of $24,000 at December 31, Year 1. During Year 2, Hall wrote off unc
    7·2 answers
  • Which of the following statements accurately describes a flexible budget​ variance?
    12·1 answer
  • Time management is primarily act of using time
    10·2 answers
  • All of the following statements about the use of images on landing pages are true, except
    15·2 answers
  • The actual interest rate on a loan that is compounded monthly but expressed as an annual rate is referred to as the _____ rate.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!