Cumberland furniture company manufactures unfinished oak

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Reference no: EM13608405

Cumberland Furniture Company manufactures unfinished oak furniture. Cumberland usees 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                   $16.00 per hour
                                                 standard time per unit      1.8 hrs.
Direct materials:                         standard price                  $12.50 per bd. ft.
                                                 standard quantity             17 bd. ft.
Variable factory overhead:          standard rate                   $2.40 per direct labor hr.
Fixed factory overhead:              standard rate                   $1.10 per direct labor hr.

Determine the standard cost per dining room table.

Reference no: EM13608405

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