Wood Designs Company manufactures unfinished oak furniture. Wood Designs 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 2.0 hrs.

Direct materials (oak): standard price $15.00 per bd. ft. standard quantity 20.0 bd. ft.

Variable factory overhead: standard rate $2.75 per direct labor hr.

Fixed factory overhead: standard rate $1.25 per direct labor hr.

a. Determine the standard cost per dining room table.

	Direct Materials Variance		Cocoa		Sugar		Total
	Price variance:
	Actual price
	Standard price
	Variance
	Actual quantity (lbs.)
	Direct materials price variance