Chavez Company has developed the following standard costs for its product for $2015$ :

CHAVEZ COMPANY

Standard Cost Card

$\backslash$table$[[\backslash$table$[[$Product A$],[$CostElement$],[$Direct materials$],[$Direct labor$],[$Manufacturing overhead$]],\backslash$table$[[$Standard Quantity$],[4$ pounds$],[3$ hours$],[3$ hours$]],,\backslash$table$[[$Standard Price$],[$$$3$