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$,,],[,$Hours,Standard Price or Rate,Standard cost$],[$Direct materials,$7\mathrm{.}40$ pounds,$$2\mathrm{.}60$ per pound,$$19\mathrm{.}2$