Question: Exercise 10-5 (Static) Working Backwards from Labor Variances (L010-2] 50 points Quality Motor Company is an auto repair shop that uses standards to control its
Exercise 10-5 (Static) Working Backwards from Labor Variances (L010-2] 50 points Quality Motor Company is an auto repair shop that uses standards to control its labor time and labor cost. The standard labor cost for a motor tune-up is given below: Standard Standard Standard Hodes Rate Cost Motor tune-up 2.5 525.00 $62.50 PY The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls thot so tune-ups were completed during the week and the controller recalls the following variance data relating to tune-ups: Labor rate Vrance Labor spending variance 1150 $2000 Required: 1. Determine the number of actual labor hours spent on tune-ups during the week. 2 Determine the actual hourly pay rate for tune-ups last week. (Round your answer to 2 decimal places.) + Achillab hours 2. Actual hourly nie four per hour
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