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

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Designer Furniture Company manufactures designer home furniture. Designer Furniture uses a standard cost system. The direct labor, direct materials, and factory overhead standards for a finished dining room table are as follows: Direct labor: standard rate standard time per unit Direct materials (oak): standard price standard quantity Variable factory overhead: Fixed factory overhead: standard rate standard rate $23.00 per hr. 3.50 hrs. $12.00 per bd. ft. 17 bd. ft. $2.80 per direct labor hr. $0.80 per direct labor hr. a. Determine the standard cost per dining room table. Round to two decimal places. 279.6 X per table b. A standard cost system provides the company's management a cost control tool using the principle of management by exception be investigated and corrected. Using this principle, major cost deviations from standards can Feedback Designer Furniture Company manufactures designer home furniture. Designer Furniture uses a standard cost system. The direct labor, direct materials, and factory overhead standards for a finished dining room table are as follows: Direct labor: standard rate standard time per unit Direct materials (oak): standard price standard quantity Variable factory overhead: Fixed factory overhead: standard rate standard rate $23.00 per hr. 3.50 hrs. $12.00 per bd. ft. 17 bd. ft. $2.80 per direct labor hr. $0.80 per direct labor hr. a. Determine the standard cost per dining room table. Round to two decimal places. 279.6 X per table b. A standard cost system provides the company's management a cost control tool using the principle of management by exception be investigated and corrected. Using this principle, major cost deviations from standards can Feedback