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 $$15\mathrm{.}00$ per hr$.$

standard time per unit $2$ hrs$.$

Direct materials $($oak$)$: standard price $$12\mathrm{.}00$ per bd$.$ ft$.$

standard quantity $17$ bd$.$ ft$.$

Variable factory overhead: standard rate $$2\mathrm{.}40$ per direct labor hr$.$

Fixed factory overhead: standard rate $$0\mathrm{.}80$ per direct labor hr$.$