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Sana Rosa Furniture Company manufactures designer home furniture. Sana Rosa uses a standard cost system. The direct labor, direct materials, and factory overhead standards for

Sana Rosa Furniture Company manufactures designer home furniture. Sana Rosa uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room table are as follows:
Direct labor: standard rate $22.00 per hr.
standard time per unit 3.00 hrs.
Direct materials (oak): standard price $9.50 per bd. ft.
standard quantity 15 bd. ft.
Variable factory overhead: standard rate $2.80 per direct labor hr.
Fixed factory overhead: standard rate $0.80 per direct labor hr.
a. Determine the standard cost per dining room table. If required, round your answer to two decimal places.
$fill in the blank 1 per dining room table
b. A standard cost system provides Rosa Furniture management a cost control tool using the principle of
. Using this principle,
cost deviations from standards can be investigated and corrected.
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