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.
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter23: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 2E: Atlas Furniture Company manufactures designer home furniture. Atlas uses a standard cost system. The...
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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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