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 $26.00 per hr. standard time per unit 3 hrs. Direct materials (oak): standard price $9.00 per bd. ft. standard quantity 15 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.
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 $26.00 per hr. standard time per unit 3 hrs. Direct materials (oak): standard price $9.00 per bd. ft. standard quantity 15 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.
Chapter5: Process Costing
Section: Chapter Questions
Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...
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Standard Product Cost
Atlas Furniture Company manufactures designer home furniture. Atlas uses a
Direct labor: | standard rate | $26.00 per hr. |
standard time per unit | 3 hrs. | |
Direct materials (oak): | standard price | $9.00 per bd. ft. |
standard quantity | 15 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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