please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Standard Product CostDesigner Furniture Company manufactures designer home furniture. Designer Furniture uses a standard cost system. The direct labor, directmaterials, and factory overhead standards for a finished dining room table are as follows:Direct labor:standard ratestandard time per unitstandard pricestandard quantitystandard ratestandard ratea. Determine the standard cost per dining room table. Round to two decimal places.per tableDirect materials (oak):Variable factory overhead:Fixed factory overhead:$15.00 per hr.4.00 hrs.$12.50 per bd. ft.19 bd. ft.$3.20 per direct labor hr.$0.80 per direct labor hr.b. A standard cost system provides the company's management a cost control tool using the principle ofprinciple,cost deviations from standards can be investigated and corrected.Using this

For the calculation of standard cost per dining table we have to calculate the Standard direct labor…

Standard Product Cost Designer Furniture Company manufactures designer home furniture. Designer Furniture uses a standard cost system. The direct labor, direct materials, and factory overhead standards for a finished dining room table are as follows: Direct labor: standard rate $15.00 per hr. standard time per unit 4.00 hrs. standard price $12.50 per bd. ft. 19 bd. ft. $3.20 per direct labor hr. $0.80 per direct labor hr. Direct materials (oak): Variable factory overhead: Fixed factory overhead: standard quantity standard rate standard rate Determine the standard cost per dining room table. Round to two decimal places. per table . A standard cost system provides the company's management a cost control tool using the principle of principle, cost deviations from standards can be investigated and corrected. Using this

Standard Product Cost Designer Furniture Company manufactures designer home furniture. Designer Furniture uses a standard cost system. The direct labor, direct materials, and factory overhead standards for a finished dining room table are as follows: Direct labor: standard rate $15.00 per hr. standard time per unit 4.00 hrs. standard price $12.50 per bd. ft. 19 bd. ft. $3.20 per direct labor hr. $0.80 per direct labor hr. Direct materials (oak): Variable factory overhead: Fixed factory overhead: standard quantity standard rate standard rate Determine the standard cost per dining room table. Round to two decimal places. per table . A standard cost system provides the company's management a cost control tool using the principle of principle, cost deviations from standards can be investigated and corrected. Using this

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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