eBook Show Me How Question Content Area Standard Product Cost 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: Line Item Description Classification Value Direct labor: standard rate $$20\mathrm{.}00$ per hr$.$ Direct labor: standard time per unit $3\mathrm{.}50$ hrs$.$ Direct materials $($oak$)$: standard price $$10\mathrm{.}00$ per bd$.$ ft$.$ Direct materials $($oak$)$: standard quantity $17$ bd$.$ ft$.$ Variable factory overhead: standard rate $$2\mathrm{.}40$ per direct labor hr$.$ Fixed factory overhead: standard rate $$1\mathrm{.}20$ per direct labor hr$.$ a$.$ Determine the standard cost per dining room table. Round to two decimal places. fill in the blank $$--------$ per table