Miguez Corporation makes a product with the following standard costs:

$\backslash$table$[[,\backslash$table$[[$Standard$],[$Quantity or$],[$Hours$]],$Standard Price or Rate,Standard Cost Per$],[,$Unit,,$],[$Direct materials,$2\mathrm{.}5$ liters,$$7\mathrm{.}20$ per liter,$$18\mathrm{.}00$