Assume the following information appears in the standard cost card for a company that makes only one product:

$\backslash$table$[[,$Standard,,$],[,$Quantity,Standard Price or$,$Standard$],[$Direct materials,or Hours,Rate,Cost$],[$Direct labor,$5$ pounds $$11\mathrm{.}00$ per pound,$$55\mathrm{.}00,],[$Variable manufacturing overhead,$2$ hours,$$17\mathrm{.}00$ per hour,$$34\mathrm{.}00$