Hickory Furniture Company manufactures unfinished oak furniture. Hickory uses a standard cost system. The direct labor, direct

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Hickory Furniture Company manufactures unfinished oak furniture. Hickory uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room table are as follows:.

Determine the standard cost per dining room table.

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Survey of Accounting

ISBN: 978-0538749091

5th Edition

Authors: Carl S Warren

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Question Posted: Oct 21, 2011 05:05 AM

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Hickory Furniture Company manufactures unfinished oak furniture. Hickory uses a standard cost system. The direct labor, direct

Question:

Direct labor: standard rate standard time per unit standard price $18.00 per hr. 2.5 hrs. $9.50 per bd. ft. 18 bd. ft. $2.80 per direct labor hr. $1.20 per direct labor hr. Direct materials (oak): standard quantity Variable factory overhead: Fixed factory overhead: standard rate

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Direct labor 1800 25 hrs 4500 Direct m...View the full answer

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