Standard Product Cost Atlas Furniture Company manufactures designer home furniture. Atlas 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 4 hrs. Direct materials (oak): standard price $8.00 per bd. ft.   standard quantity 20 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. $per table

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Standard Product Cost

Atlas Furniture Company manufactures designer home furniture. Atlas 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 4 hrs.
Direct materials (oak): standard price $8.00 per bd. ft.
  standard quantity 20 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.
$per table

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