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Standard Product Cost Designer Furniture Company manufactures designer home furniture. Designer Furniture uses a standard cost system, The direct labor, direct materials, and factory overhead

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Standard Product Cost 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 cining room table are as follows: a. Determine the standard cost per dining room table. Round to two decimal places. per table b. A standard cost system provides the company's management a cost control tool using the princple of Using this principle, cost deviations from standards can be iavestigated and corrected

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