Designer Furniture Company manufactures designer home furniture. Designer Furniture uses a standard cost system. The direct labor, direct materials, and factory overhead standards for a finished dining room table are as follows: Direct labor: standard rate standard time per unit Direct materials (oak): standard price standard quantity Variable factory overhead: Fixed factory overhead: standard rate standard rate $23.00 per hr. 3.50 hrs. $12.00 per bd. ft. 17 bd. ft. $2.80 per direct labor hr. $0.80 per direct labor hr. a. Determine the standard cost per dining room table. Round to two decimal places. 279.6 X per table b. A standard cost system provides the company's management a cost control tool using the principle of management by exception be investigated and corrected. Using this principle, major cost deviations from standards can Feedback