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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 $16.00 per hr standard time per unit 3.50 hrs. Direct materials (oak): standard price $11.50 per bd. ft. standard quantity 17 bd. ft. Variable factory overhead: standard rate $2.80 per direct labor hr. Fixed factory overhead: standard rate $1.20 per direct labor hr. Determine the standard cost per dining room table

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 $16.00 per hr standard time per unit 3.50 hrs. Direct materials (oak): standard price $11.50 per bd. ft. standard quantity 17 bd. ft. Variable factory overhead: standard rate $2.80 per direct labor hr. Fixed factory overhead: standard rate $1.20 per direct labor hr. Determine the standard cost per dining room table

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 $16.00 per hr

standard time per unit 3.50 hrs.

Direct materials (oak): standard price $11.50 per bd. ft.

standard quantity 17 bd. ft.

Variable factory overhead: standard rate $2.80 per direct labor hr.

Fixed factory overhead: standard rate $1.20 per direct labor hr.

Determine the standard cost per dining room table.

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