Atlas Furniture Company manufactures designer home furniture. Atlas 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 $25.00 per hr standard time per unit 3 hrs. Direct materials (oak): standard price $8.50 per bd. it. standard quantity 20 bd. it. Variable factory overhead: standard rate $2.80 per direct labor hr Fixed factory overhead standard rate $0.80 per direct labore a. Determine the standard cost per dining room table. It required, round your answer to two decimal places per table b. A standard cont system provides Atlas Furniture Company's management a cost control tool using the principle of cost deviations from standards can be investigated and corrected