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: Direct materials (oak): standard rate standard time per unit standard price standard quantity standard rate standard rate $17.00 per hr. 2.00 hrs. $8.50 per bd. ft. 17 bd. ft. Variable factory overhead: Fixed factory overhead: a. Determine the standard cost per dining room table. Round to two decimal places. per table $3.20 per direct labor hr. $1.20 per direct labor hr. b. A standard cost system provides the company's management a cost control tool using the principle of management by exception ✓. Using this principle, major deviations from standards can be investigated and corrected. ✓ cost

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: Direct materials (oak): standard rate standard time per unit standard price standard quantity standard rate standard rate $17.00 per hr. 2.00 hrs. $8.50 per bd. ft. 17 bd. ft. Variable factory overhead: Fixed factory overhead: a. Determine the standard cost per dining room table. Round to two decimal places. per table $3.20 per direct labor hr. $1.20 per direct labor hr. b. A standard cost system provides the company's management a cost control tool using the principle of management by exception ✓. Using this principle, major deviations from standards can be investigated and corrected. ✓ cost

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 2E

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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: Direct materials (oak): Variable factory overhead: Fixed factory overhead: standard rate standard time per unit standard price standard quantity standard rate standard rate $15.00 per hr. 3 hrs. $11.00 per bd. ft. 19 bd. ft. $2.80 per direct labor hr. $0.80 per direct labor hr. a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. per table $1 b. A standard cost system provides Atlas Furniture Company's management a cost control tool using the principle of . Using this principle, cost deviations from standards can be investigated and corrected.
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: Line Item Description Classification Value Direct labor: standard rate $24.00 per hr. Direct labor: standard time per unit 3.50 hrs. Direct materials (oak): standard price $8.50 per bd. ft. Direct materials (oak): standard quantity 15 bd. ft. Variable factory overhead: standard rate $3.20 per direct labor hr. Fixed factory overhead: standard rate $0.80 per direct labor hr. a. Determine the standard cost per dining room table. Round to two decimal places.fill in the blank 1 of 1$ per table
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: Line Item Description Classification Value Direct labor: standard rate $20.00 per hr. Direct labor: standard time per unit 3.50 hrs. Direct materials (oak): standard price $10.00 per bd. ft. Direct materials (oak): standard quantity 17 bd. ft. Variable factory overhead: standard rate $2.40 per direct labor hr. Fixed factory overhead: standard rate $1.20 per direct labor hr. a. Determine the standard cost per dining room table. Round to two decimal places.fill in the blank 1 of 1$ per table
Standard Product Cost 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: Direct labor: standard rate $19.00 per hr. Direct materials (oak): Variable factory overhead: Fixed factory overhead: standard rate a. Determine the standard cost per dining room table. $3.90 per direct labor hr. $2.10 per direct labor hr. standard time per unit standard price standard quantity standard rate 3.5 hrs. $16.50 per bd. ft. 27 bd. ft. per dining room table b. A standard cost system provides the company's management a cost control tool using the principle of management by exception principle, major cost deviations from standards can be investigated and corrected. ✔. Using this
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: standard rate Direct labor: $24.00 per hr. 4 hrs standard time per unit Direct materials (oak) standard price $10.50 per bd. ft. 20 bd. ft standard quantity $2.40 per direct labor hr. Variable factory overhead: standard rate 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 .Using this principle, b. A standard cost system provides Atlas Furniture Company's management a cost control tool using the principle of cost deviations from standards can be investigated and corrected.
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 $24.00 per hr. standard time per unit 4 hrs. Direct materials (oak): standard price $12.00 per bd. ft. standard quantity 19 bd. ft. Variable factory overhead: standard rate $2.80 per direct labor hr. Fixed factory overhead: standard rate $0.80 per direct labor hr. a. Determine the standard cost per dining room table. If required, round your answer to two decimal places.$ per table b. A standard cost system provides Atlas Furniture Company’s management a cost control tool using the principle of . Using this principle, cost deviations from standards can be investigated and corrected.
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 $18.00 per hr. standard time per unit 4 hrs. Direct materials (oak): standard price $12.50 per bd. ft. standard quantity 18 bd. ft. Variable factory overhead: standard rate $2.40 per direct labor hr. Fixed factory overhead: standard rate $0.80 per direct labor hr. a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. per table
Standard Product Cost Atlas Furniture Company manufactures designer home furniture. Atlas uses a standard cost system. The direct labor, direct materials, and factory overhead standard an unfinished dining room table are as follows: Direct labor: standard rate $20.00 per hr. standard time per unit 3.5 hrs. Direct materials (oak): standard price $10.00 per bd. ft. standard quantity 16 bd. ft. standard rate $3.20 per direct labor hr. Variable factory overhead: standard rate $1.20 per direct labor hr. Fixed factory overhead: a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. per table Using this principle, major b. A standard cost system provides Atlas Furniture Company's management a cost control tool using the principle of cost control cost deviations from standards can be investigated and corrected.
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 $16.00 per hr. standard time per unit 3.5 hrs. Direct materials (oak): standard price $12.00 per bd. ft. standard quantity 17 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 b. A standard cost system provides Atlas Furniture Company’s management a cost control tool using the principle of . Using this principle, cost deviations from standards can be investigated and corrected.
Standard Product Cost 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 $24.00 per hr. standard time per unit 2.50 hrs. Direct materials (oak): standard price $8.00 per bd. ft. standard quantity 18 bd. ft. Variable factory overhead: standard rate $2.80 per direct labor hr. Fixed factory overhead: standard rate $0.80 per direct labor hr, a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. per dining room table V. Using this principle, major b. A standard cost system provides Rosa Furniture management a cost control tool using the principle of management by exception cost deviations from standards can be investigated and corrected.
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: $22.00 per hr. 2.5 hrs. $9.00 per bd. ft. 20 bd. ft. $2.40 per direct labor hr. $1.20 per direct labor hr. standard rate standard time per unit standard price standard quantity Variable factory overhead: standard rate Fixed factory overhead: standard rate a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. S per table Direct materials (oak): b. A standard cost system provides Atlas Furniture Company's management a cost control tool using the principle of corrected. F Using this principle, cost deviations from standards can be investigated and
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 $15.00 per hr. standard time per unit 4 hrs. Direct materials (oak): standard price $12.50 per bd. ft. standard quantity 15 bd. ft. Variable factory overhead: standard rate $3.20 per direct labor hr. Fixed factory overhead: standard rate $0.80 per direct labor hr. a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. per table Using b. A standard cost system provides Atlas Furniture Company's management a cost control tool using the principle of management by exception this principle, major cost deviations from standards can be investigated and corrected.