Correct answer

Exercise 11-4 Monte Services, Inc. is trying to establish the standard labor cost of a typical brake conducted over the past month. repair. The following data have been collected from time and motion studies Actual time spent on the brake repairs 3.0 hour Hourly wage rate Payroll taxes Setup and downtime $13 14% of wage rate 12% of actual labor time 32% of actual labor time 26% of wage rate Cleanup and rest periods Fringe benefits