Oakley Furniture Company manufactures unfinished oak furniture. Oakley 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 roomtable.

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Direct labor Direct materials (oak): Variable factory overhead: Standard rate Standard time per unit Standard price Standard quantity Standard rate Standard rate $18 per hr 3 hrs. $7.50 per bd.ft. 24 bd. ft. $2.50 per direct labor hr $1.40 per direct labor hr. Flxed factory overhead: