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…
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Actual time spent on the brake repairs
1 hourHourly wage rate$11Payroll taxes10% of wage rateSetup and downtime8% of actual labor timeCleanup and rest periods32% of actual labor timeFringe benefits20% of wage rate
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(Round answer to 2 decimal places, e.g. 1.25.)
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(Round answer to 2 decimal places, e.g. 1.25.)
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De
(Round answer to 2 decimal places, e.g. 1.25.)
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(Round answer to 2 decimal places, e.g. 1.25.)
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