Majer Corporation makes a product with the following standard costs:

$\backslash$table$[[,\backslash$table$[[$Standard Quantity or$],[$Hours$]],$Standard Price or Rate,Standard Cost Per$],[$Direct materials,$6\mathrm{.}7$ ounces,$$2\mathrm{.}00$ per ounce,$$13\mathrm{.}40$