Hickory Furniture Company

Hickory Furniture Company manufactures unfinished oak furniture. Hickory 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 standard rate $18.00 per hr

Standard time per unit 2.5 hrs

Direct materials (oak) standard price 9.50 per bd. Ft.

Standard quantity 18bd ft

Variable factory overhead standard rate 2.80 per direct labor hr

Fixed factory overhead standard rate 1.20 per direct labor hr.

Please determine the standrd cost per dining room table