Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows:

$\backslash$table$[[,$Standard Quantity,Standard Price $($Rate$),\backslash$table$[[$Standard Unit$],[$Cost$]]],[$Direct materials $($plastic$),8$ square foot,$$1\mathrm{.}20$ per square foot,$$9\mathrm{.}60$