eBook Standard Product Cost Show Me How Direct materials (oak): 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: Direct labor: standard rate standard time per unit standard price standard quantity Variable factory overhead: standard rate Fixed factory overhead: standard rate a. Determine the standard cost per dining room table. Round to two decimal places. per table $30.00 per hr. 5.0 hrs. $8.00 per bd. ft. 20 bd. ft. $0.75 per direct labor hr. $1.15 per direct labor hr. b. A standard cost system provides the company's management a cost control tool using the principle of deviations from standards can be investigated and corrected. Using this principle, cost Next >

Designer Furnture Company manufactures designer home furniture. Designer Fumiture uses a staodand cost system, The direct labor, direct materias, and factary overhesd standards for a finstied dining room table are as follows: Determine the thatdard cost per dining roon table Reund to two decimal places. per table b. A standard cost system provides the company's management a cost controf tool using the principle of devlations from standards can be inwestigated and corrected