A company has determined the following standards for production of its dining tables: Square feet of oak per table: 8
A company has determined the following standards for production of its dining tables:
Square feet of oak per table: 8
Price per square foot of oak: 4.25
Number of screws per table: 30
Price per screw: 0.03
The company expects a 20% increase in the cost of oak and a 5% decrease in the cost of screws. What is the new standard cost per table?
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