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

$\backslash$table$[[,\backslash$table$[[$Standard$],[$Quantity or$]],,],[,$Hours,Standard Price or Rate Standard cost,$],[$Direct materials,$7\mathrm{.}20$ pounds,$$2\mathrm{.}90$ per pound,$$20\mathrm{.}88$