Santa Clara Furniture Company manufactures designer home furniture. Santa Clara uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room table are as follows: standard rate $19.00 per hr. Direct labor: standard time per unit 3.5 hrs. Direct materials (oak): standard price $16.50 per bd. ft. standard quantity 27 bd. ft. standard rate $3.90 per direct labor hr. Variable factory overhead: standard rate $2.10 per direct labor hr. Fixed factory overhead: a. Determine the standard cost per dining room table. per dining room table Using this b. A standard cost system provides the company's management a cost control tool using the principle of cost deviations from standards can be investigated and corrected.
Santa Clara Furniture Company manufactures designer home furniture. Santa Clara uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room table are as follows: standard rate $19.00 per hr. Direct labor: standard time per unit 3.5 hrs. Direct materials (oak): standard price $16.50 per bd. ft. standard quantity 27 bd. ft. standard rate $3.90 per direct labor hr. Variable factory overhead: standard rate $2.10 per direct labor hr. Fixed factory overhead: a. Determine the standard cost per dining room table. per dining room table Using this b. A standard cost system provides the company's management a cost control tool using the principle of cost deviations from standards can be investigated and corrected.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter7: The Master Budget And Flexible Budgeting
Section: Chapter Questions
Problem 11P: Overhead application rate Creole Manufacturing Inc. uses a job order cost system and standard costs....
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