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 or$,,],[$Direct materials,Hours,Standard Price or Rate,Standard Cost$],[$Direct labor,$7\mathrm{.}50$ pounds,$$2\mathrm{.}40$ per pound,$18\mathrm{.}00],[,0\mathrm{.}80$ hours,$$7\mathrm{.}00$ per hour,$$5\mathrm{.}60$