Sana Rosa Furniture Company manufactures designer home furniture. Sana Rosa 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 $15.00 per hr. standard time per unit 3.50 hrs. Direct materials (oak): standard price $9.50 per bd. ft. standard quantity 20 bd. ft. Variable factory overhead: standard rate $2.80 per direct labor hr. Fixed factory overhead: standard rate $1.20 per direct labor hr. a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. per dining room table b. A standard cost system provides Rosa Furniture management a cost control tool using the principle of cost deviations from standards can be investigated and corrected. Using this principle,

FINANCIAL ACCOUNTING
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Standard Product Cost
Sana Rosa Furniture Company manufactures designer home furniture. Sana Rosa 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
$15.00 per hr.
standard time per unit
3.50 hrs.
Direct materials (oak):
standard price
$9.50 per bd. ft.
standard quantity
20 bd. ft.
Variable factory overhead:
standard rate
$2.80 per direct labor hr.
Fixed factory overhead:
standard rate
$1.20 per direct labor hr.
a. Determine the standard cost per dining room table. If required, round your answer to two decimal places.
per dining room table
b. A standard cost system provides Rosa Furniture management a cost control tool using the principle of
| cost deviations from standards can be investigated and corrected.
Using this principle,
Transcribed Image Text:Standard Product Cost Sana Rosa Furniture Company manufactures designer home furniture. Sana Rosa 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 $15.00 per hr. standard time per unit 3.50 hrs. Direct materials (oak): standard price $9.50 per bd. ft. standard quantity 20 bd. ft. Variable factory overhead: standard rate $2.80 per direct labor hr. Fixed factory overhead: standard rate $1.20 per direct labor hr. a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. per dining room table b. A standard cost system provides Rosa Furniture management a cost control tool using the principle of | cost deviations from standards can be investigated and corrected. Using this principle,
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