Oak Valley Company, a custom cabinet manufacturing company, is setting standard costs for one of its products. The main material is cedar wood, sold by the square foot. The current cost of cedar wood is $6.00 per square foot from the supplier. Delivery costs are $0.20 per square foot. Carpenters' wages are $20.00 per hour. Payroll costs are $4.00 per hour, and benefits are $5.00 per hour. How much is the direct materials standard cost per square foot?
A) $11.20
B) $10.20
C) $6.20
D) $6.00
C) $6.20
You might also like to view...
Discuss the impact of blogs and online social networks on companies and how companies should respond?
What will be an ideal response?
After a defendant finishes introducing his or her evidence, the plaintiff can present a rebuttal.
Answer the following statement true (T) or false (F)
Personnel in sales-oriented firms tend to be "outward looking," focusing on selling what the market wants.
Answer the following statement true (T) or false (F)
The Tax Court departs from its general policy of ruling uniformly for all taxpayers where
A) a U.S. District Court has ruled differently on the issue in the taxpayer's jurisdiction. B) the U.S. Court of Federal Claims has ruled differently on the issue in the taxpayer's jurisdiction. C) the Court of Appeals in the circuit to which the Tax Court decision would be appealed has ruled differently on the issue. D) the IRS has indicated that it will acquiesce.