PRINTER VERSION BACK NEXT CES Exercise 25-4 Monte Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and motion studies conducted over the past month. Actual time spent on the brake repair Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits 1.0 hour $11 12% of wage rate 5% of actual labor time 25% of actual labor time 20% of wage rate dy [9 Your answer is correct