Standard Product Cost Santa Clara Furniture Company manufactures designer home furniture. Santa Clara 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: $19.00 per hr. Direct materials (oak): Variable factory overhead: Fixed factory overhead: standard rate standard time per unit standard price standard quantity standard rate standard rate a. Determine the standard cost per dining room table. per dining room table 3.5 hrs. $16.50 per bd. ft. 27 bd. ft. $3.90 per direct labor hr. $2.10 per direct labor hr. b. A standard cost system provides the company's management a cost control tool using the principle of Using this principle, cost deviations from standards can be investigated and corrected.

Standard Product Cost Santa Clara Furniture Company manufactures designer home furniture, Santa Clara uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room table are as follows: a. Determine the standard cost per dining room table. per dining room table b. A stpicard cost system provides the company's management a cost control tool using the principle of Using this principle, cost deviations from standards can be investigated and corrected