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

$\backslash$table$[[,\backslash$table$[[$Standard$],[$Quantity or$],[$Hours$]],,],[,$Standard Price or Rate Standard Cost,,$],[$Direct materials,$7\mathrm{.}40$ pounds,$$2\mathrm{.}30$ per pound,$$17\mathrm{.}02$