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University Of Southern California Operations And Supply Chain Management Assignment Help - Standard Costs

Question - 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: Motor tune-up Standard Hours: 2.2 Standard Rate: $5.5 Standard cost: $12.1 The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls that 130 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups: Labor rate variance $47F Total labor variance $965F Requirement 1: Determine the number of actual labor-hours spent on tune-ups during the week. Requirement 2: Determine the actual hourly rate of ...Read More

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