=+Hickory Furniture Company manufactures unfinished oak furniture. Hickory uses a standard cost system. The direct labor, direct
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=+Hickory Furniture Company manufactures unfinished oak furniture. Hickory uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room table are as follows:
Direct labor: standard rate $18.00 per hr.
standard time per unit 2.5 hrs.
Direct materials (oak): standard price $9.50 per bd. ft.
standard quantity 18 bd. ft.
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