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

$\backslash$table$[[,\backslash$table$[[$Standard$],[$Quantity$],[$or Hours$]],\backslash$table$[[$Standard Price or$],[$Rate$]],\backslash$table$[[$Standard$],[$Cost$]]],[$Direct materials,$5$ pounds,$$11\mathrm{.}00$ per pound,$$55\mathrm{.}00$