19 bd. It Standard Product Cost Sana Rosa Company manufactures unfinished home furniture. Sana Rosa 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 $24.00 per te standard time per unit Direct materials (oak): standard price 59.50 per bd.tt. standard quantity Variable factory overhead: standard rate $2.80 per direct labore Fixed factory overhead: standard rate 51-20 per direct labore a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. per table b. A standard cost system provides Sana Rosa management a cost control tool using the principle of management by exception . Using this principle, major v cost deviations from standards can be investigated and corrected Remember the process discussed in chapter for calculating standard cost Review the benefits of standard cost systems. Learning Objective 2