Huron Company produces a cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below:

$\backslash$table$[[,$Standard Quantity,,Standard$],[$Direct materials,or Hours,Standard Price or Rate,Cost$],[$Direct labor,$7\mathrm{.}50$ pounds,$$2\mathrm{.}40$ per pound,$$18\mathrm{.}00$