Becton Labs, Incorporated, produces various chemical compounds for industrial use. One compound, called Fludex, has the following standard cost per unit:

$\backslash$table$[[,\backslash$table$[[$Standard Quantity or$],[$Hours$]],\backslash$table$[[$Standard Price or$],[$Rate$]],\backslash$table$[[$Standard$],[$Cost$]]],[$Direct materials,$2\mathrm{.}50$ ounces,$$28\mathrm{.}00$ per ounce,$$70\mathrm{.}00$