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 $23.00 per hr. standard time per unit 2.50 hrs. Direct materials (oak): standard price $8.00 per bd. ft. standard quantity 19 bd. ft. Variable factory overhead: standard rate $2.40 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. $fill in the blank 1 per dining room table b. A standard cost system provides Rosa Furnit
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 $23.00 per hr. standard time per unit 2.50 hrs. Direct materials (oak): standard price $8.00 per bd. ft. standard quantity 19 bd. ft. Variable factory overhead: standard rate $2.40 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. $fill in the blank 1 per dining room table b. A standard cost system provides Rosa Furnit
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
| Direct labor: | standard rate | $23.00 per hr. |
| standard time per unit | 2.50 hrs. | |
| Direct materials (oak): | standard price | $8.00 per bd. ft. |
| standard quantity | 19 bd. ft. | |
| Variable factory overhead: | standard rate | $2.40 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.
$fill in the blank 1 per dining room table
b. A standard cost system provides Rosa Furniture management a cost control tool using the principle of
. Using this principle,
cost deviations from standards can be investigated and corrected.
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