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eBook Show Me How Print Item Standard Product Cost Atlas Furniture Company manufactures designer home furniture, Atlas uses a standard cost system. The direct labor, direct materials, and factory overhead standards to an unfinished dining room table are as follows: Direct labor: standard rate $21.00 per hr standard time per unit 3.5 hrs Direct materials (oak): standard price $12.00 per bd. it. standard quantity 17 bd. it. Variable factory overhead standard rate $2.40 per direct labor hr. Fixed factory overhead: standard rate $1.20 per direct labor hr a. Determine the standard cost per dining room table. If required, round your answer to two decimal places per table Using this principle, b. A standard cost system provides Atlas Furniture Company's management a cost control tool using the principle of cost deviations from standards can be investigated and corrected QM Work