A company has determined the following standards for production of its dining tables: Square feet of...
| 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: | $4.00 | ||||||
| Number of screws per table: | 22 | ||||||
| Price per screw: | $0.10 | ||||||
| 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? | |||||||
Homework Answers
Standard cost per table = cost of oak + cost of screws
= 16*4*1.25 + 22*0.10*0.95
= $8w.0o per table
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A company has determined the following standards
for production of its dining tables:
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Waterway Furniture builds high-end hand-made dining tables. Attacus Simmons, the company’s owner, has developed the following...
Waterway Furniture builds
high-end hand-made dining tables. Attacus Simmons, the company’s
owner, has developed the following sales forecast for 2018.
Because of the time needed to create each table, Waterway
maintains an ending Finished Goods Inventory of 20% of the
following quarter’s budgeted sales. Waterway has been following
this inventory policy for several years. The company ended 2017
with 509 tables on hand.
The standard cost card for a table is as follows:
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high-end hand-made dining tables. Attacus Simmons, the company’s
owner, has developed the following sales forecast for 2018.
Because of the time needed to create each table, Waterway
maintains an ending Finished Goods Inventory of 20% of the
following quarter’s budgeted sales. Waterway has been following
this inventory policy for several years. The company ended 2017
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