Ch 23 hw

Students Students Home Chapter 23 Performance Evaluation... Online teaching and learning resou Assignments I overview Chapter 23 End of Chapter Assignment eBook Show Me How Standard Product Cost 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 $19 per hr. 2.5 hrs standard time per unit $8.5 per bd. ft. Direct materials (oak) standard price 20 bd. ft. standard quantity $2.8 per direct labor hr. standard rate Variable factory overhead: $1.2 per direct labor hr. 3) Fixed factory overhead a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. per table Using this principle, b. A standard cost system provides Hickory Furniture management a cost control tool using the principle of cost deviations from standards can be investigated and corrected. by exception Check My Work 2 more Check My Work uses remaining