Designer Furniture Company manufactures designer home furniture. Designer Furniture uses a standard cost system. The direct labor, direct materials, and factory overhead standards for a finished dining room table are as follows: Line Item Description Classification Value Direct labor: standard rate $24.00 per hr. Direct labor: standard time per unit 3.50 hrs. Direct materials (oak): standard price $8.50 per bd. ft. Direct materials (oak): standard quantity 15 bd. ft. Variable factory overhead: standard rate $3.20 per direct labor hr. Fixed factory overhead: standard rate $0.80 per direct labor hr. a. Determine the standard cost per dining room table. Round to two decimal places.fill in the blank 1 of 1$ per table
Designer Furniture Company manufactures designer home furniture. Designer Furniture uses a standard cost system. The direct labor, direct materials, and factory overhead standards for a finished dining room table are as follows: Line Item Description Classification Value Direct labor: standard rate $24.00 per hr. Direct labor: standard time per unit 3.50 hrs. Direct materials (oak): standard price $8.50 per bd. ft. Direct materials (oak): standard quantity 15 bd. ft. Variable factory overhead: standard rate $3.20 per direct labor hr. Fixed factory overhead: standard rate $0.80 per direct labor hr. a. Determine the standard cost per dining room table. Round to two decimal places.fill in the blank 1 of 1$ per table
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 2E
Related questions
Question
Designer Furniture Company manufactures designer home furniture. Designer Furniture uses a
| Line Item Description | Classification | Value |
|---|---|---|
| Direct labor: | standard rate | $24.00 per hr. |
| Direct labor: | standard time per unit | 3.50 hrs. |
| Direct materials (oak): | standard price | $8.50 per bd. ft. |
| Direct materials (oak): | standard quantity | 15 bd. ft. |
| Variable factory overhead: | standard rate | $3.20 per direct labor hr. |
| Fixed factory overhead: | standard rate | $0.80 per direct labor hr. |
a. Determine the standard cost per dining room table. Round to two decimal places.
fill in the blank 1 of 1$ per table
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