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This is Managerial accounting.

Monte Services, 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 Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits 1.00 hour $14 12% of wage rate 8% of actual labor time 29% of actual labor time 21% of wage rate Your answer is incorrect. Try again. Determine the standard direct labor hours per oil change. (Round answer to 2 decimal places, e.g. 2.75.) Standard direct labor hours per oil change 2.24 hours Link to Text Your answer is correct. Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 2.75.) Standard direct labor hourly rate $ 18.62 Show Solution Show Answer Link to Text Your answer is incorrect. Try again. Determine the standard direct labor cost per oil change. (Round answer to 2 decimal places, e.g. 2.75.) $ Standard direct labor cost per oil change Link to Text Your answer is incorrect. Try again. If an oil change took 1.5 hours at the standard hourly rate, what was the direct labor quantity variance? (Round answer to 2 decimal places, e.g. 2.75.) Direct labor quantity variance $