< Atlas Furniture Company manufactures designer home furniture. Atlas uses a standard cost system. The direct...

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< 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: $20.00 per hr. Direct materials (oak): standard price standard quantity Variable factory overhead: standard rate standard time per unit Fixed factory overhead: standard rate standard rate 3.5 hrs. $11.00 per bd. ft. 17 bd. ft. $2.80 per direct labor hr. $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 b. A standard cost system provides Atlas Furniture Company's management a cost control tool using the principle of and corrected. Using this principle, cost deviations from standards can be investigated < 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: $20.00 per hr. Direct materials (oak): standard price standard quantity Variable factory overhead: standard rate standard time per unit Fixed factory overhead: standard rate standard rate 3.5 hrs. $11.00 per bd. ft. 17 bd. ft. $2.80 per direct labor hr. $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 b. A standard cost system provides Atlas Furniture Company's management a cost control tool using the principle of and corrected. Using this principle, cost deviations from standards can be investigated

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a The standard cost per dining room table is Direct labor Standard rate 20 per hou... View the full answer