E13-18 Standard product cost Sorrento Furniture Company manufactures unfinished oak furniture. Sorrento uses a stan dard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room table are as follows: Direct labor: Standard rate Standard time per unit Direct materials (oak): Standard price Standard quantity Variable factory overhead: Standard rate Fixed factory overhead: Standard rate Determine the standard cost per dining room table. $21 per hr. 2 hrs. $9.25 per bd. ft. 20 bd.ft. $3.80 per direct labor hr. $4.25 per direct labor hr