Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 20 Aug 2017 My Price 8.00

Lie To Me Furniture Company

Standard product cost

 

Wood You Lie To Me Furniture Company manufactures designer home furniture. Wood You Lie To Me 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

standard time per unit

$24.00 per hr.

4.0 hrs.

Direct materials (oak):

standard price standard quantity

$22.00 per bd. ft. 32 bd. ft.

Variable factory overhead: Fixed factory overhead:

standard rate standard rate

$3.00 per direct labor hr.

$2.00 per direct labor hr.

a.     Determine the standard cost per dining room table.

b.                               Why would Wood You Lie To Me Furniture Company use a standard cost system?

Answers

Maurice Tutor
(5)
Status NEW Posted 20 Aug 2017 09:08 AM My Price 8.00

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