Business, 15.04.2020 00:06 roberth0518

Flint, 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 1.25 hour
Hourly wage rate $15.00
Payroll taxes 10% of wage rate
Setup and downtime 22% of actual labor time
Cleanup and rest periods 28% of actual labor time
Fringe benefits 25% of wage rate

Required:
1. Determine the standard direct labor hours per oil change. (Round answer to 2 decimal places, e. g. 2.75.)
2. Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e. g. 2.75.)
3. Determine the standard direct labor cost per oil change. (Round answer to 2 decimal places, e. g. 2.75.)

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Flint, Inc. is trying to establish the standard labor cost of a typical oil change. The following da...

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