Carolina Furniture manufactures unfinished oak furniture. Carolina uses a standa

Question

Carolina Furniture manufactures unfinished oak furniture. Carolina uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dinning room table are as follows:
Direct labor: Standard rate $17.00 per hour
Standard time per unit 3 hours
Direct materials (oak): Standard price $8.60 per board foot
Standard quantity 16 board feet
Variable factory overhead: Standard rate $2.60 per direct labor hour
Fixed factory overhead: Standard rate $1.20 per direct labor hour

Determine the standard cost per dining room table.

Explanation / Answer

Standard Cost Sheet Material 137.6 Labour 51 Variable overhead 7.8 Fixed overhead 3.6 __________ Standard cost per dining table 200

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