Barley Hopp, Incorporated, manufactures custom$-$ordered commemorative beer steins. Its standard cost information follows:

$\backslash$table$[[,$Standard Quantity,Standard Price $($Rate$),\backslash$table$[[$Standard$],[$Un$1$t$],[$Cost$]]],[$Direct materials $($clay$),1\mathrm{.}5$ pounds,$$1\mathrm{.}60$ per pound,$$2\mathrm{.}40$