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What is the new standard cost per table

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Reference no: EM133085652

Question - A company has determined the following standards for production of its dining tables:

Square feet of oak per table: 16

Price per square foot of oak: $2.00

Number of screws per table: 24

Price per screw: $0.01

The company expects a 25% increase in the cost of oak and a 5% decrease in the cost of screws. What is the new standard cost per table?

Reference no: EM133085652

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