I think you'll get a variety of answers to this question. Action screw torque depends, to some extent, on the type of stock you have (wood, plastic, pillar-bedded or not, etc.). However, you have specified a wood stock, presumably without pillars. For this, you'll also get quite a variety of suggestions, but my advice would be something in the range of 25-35 in.-lbs. That is the range suggested for wood-stocked Sako rifles, and I don't see why it wouldn't apply equally to a Rem. M700. If you don't have a torque screwdriver, 25-35 in.-lbs. is what you get when they feel snugly tightened (but not over-tightened). I definitely wouldn't go over 35 in.-lbs. or thereabouts with a wood stock. With my Sako wood-stocked rifles, I use 30 in.-lbs.